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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......................

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