The new UCITS fund was launched on Deutsche Bank’s DB Platinum platform. The fund will be managed by Traxis in accordance with the strategy managed by Barton Biggs in a similar way to the Traxis Global Equity Macro fund, modified as per the need to comply with UCITS regulations.
Deutsche Bank said that the fund’s investment process will be discretionary in nature and leverages the global insight and experience Barton Biggs has developed over 40 years of investment management.
Traxis was formed in June 2003 by Barton Biggs, Madhav Dhar and Cyril Moulle-Berteaux. Traxis currently manages more than $1bn.
Prior to forming Traxis, Biggs was a managing director of Morgan Stanley, and he was the founder and former chairman and chief investment officer of Morgan Stanley Investment Management.
Deutsche Bank European Head of Fund Derivatives Tarun Nagpal said that the Traxis UCITS fund fills an important gap in the UCITS space for discretionary equity macro hedge funds.
