The new Traxis fund, which has a strong equity bias, is up
close to 10% since its June launch as Barton Biggs, Madhav Dhar
and Cyril Moulle-Berteaux quickly found their form. Traxis made
much of its money being long equities, in particular Japanese
bank stocks and Hong Kong property stocks, and being short
Japanese bond futures.
At the same time, Soros Fund Management's Quantum Endowment
Fund had one of its best months for a long time, with a