Content area
Full text
The firm founded by the renowned market prognosticator is liquidating its funds and winding down its operations.
Late Traxis founder Barton Biggs. Photo: (Bloomberg News)
Traxis Partners apparently could not survive the death of its founder, Barton Biggs.
The Greenwich, Connecticut-based hedge fund firm disclosed Wednesday that it has liquidated all of its funds for which it was the investment adviser and is winding down its operations.
Traxis' closure is another reminder that it is difficult for a hedge fund firm to outlive the founder when his name is on the door and its investment strategy is identified with that individual.
Biggs, a fitness buff, died suddenly in July 2012 of a staph infection shortly before a planned climb to Machu Picchu, the ancient Inca city in...