Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund manager Barton Biggs dies at age 79

Tuesday, July 17, 2012

Florian Guldner, Opalesque Asia:

Ex-Morgan Stanley strategies and hedge fund manager Barton Biggs died on Saturday, according to various media reports.

The news was announced by Morgan Stanley CEO James Gorman in a memo to all staff. The Wall Street Journal quotes Mr. Gorman as saying: "Barton left an indelible mark on our business, our culture and our shared notion of leadership at Morgan Stanley … He was known as an independent thinker, colorful writer and one of the pioneers of emerging markets investing, and our firm benefited from his vision."

Mr. Biggs graduated from Yale University in 1955. Later he taught English at the Landon School, a prep school in Bethesda, Maryland, played semiprofessional soccer and tried his hand at short-story writing. He joined E.F. Hutton in 1961, with a starting salary of $7,200 a year.

He is also know for co-founding one of the world's first hedge funds, Fairfield Partners, in 1965. In 1973, he joined Morgan Stanley as a managing director and general partner. Two years later he founded the firm's investment management division. After retiring from Morgan Stanley in 2003, he launched Traxis Partners, a multi-billion dollar global macro hedge fund based in Greenwich, CT.

Mr. Biggs died at age 79. He had three children, Wende Biggs, Gretchen Biggs, and lived in Mas......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi

  5. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He