Hedge Funds People Moves

Traxis COO Tim Shannon departs


The firm has hired a replacement from a healthcare hedge fund.

Barton Biggs’ Traxis Partners has hired Adam Jaffe, formerly the chief financial officer at hedge fund Sivik Global Healthcare, to serve as chief operating officer, filling the position formerly held by Tim Shannon, who left the firm in December.

The Traxis Fund was up 3.4% through December, according to an investor. The firm declined to comment.

Jaffe will join Traxis on Monday. Shannon’s future plans could not be determined. Shannon and Jaffe could be reached by press time.

Shannon joined Traxis in 2007 and served an investor relations function in addition his duties as chief operating officer. Previously