Launches & Closures

Deutsche Bank and Traxis launch UCITS fund

by

Traxis Partners, the US-based macro hedge fund group headed by Barton Biggs, a Wall Street legend from his many years at Morgan Stanley, has launched a UCITS-compliant version of his fund on the Deutsche Bank platform.

The UCITS fund, DB Platinum Traxis Global Equity Macro, was launched on the DB Platinum platform on 1 February. Last year Traxis and DB announced that they will be launching the UCITS-compliant fund (see earlier story here).

The fund will be managed by Traxis in accordance with the strategy managed by Biggs in a similar way to the Traxis Global Equity Macro fund, modified where needed to comply with UCITS regulations. The fund’s investment process is discretionary in nature and leverages the global insight and experience Biggs has developed over 40 years of investment management.

Traxis, which manages