Traxis Loses Traction

Assets are down by 70 percent since Barton Biggs’s death, as investor confidence slip

When Barton Biggs died suddenly in July 2012, Amer Bisat, managing partner at Traxis Partners, was confident the hedge fund firm founded by the renowned market prognosticator in 2003 would successfully transition to a new management team.

Bisat, Biggs’s heir apparent, had been quietly playing a major role at the then $1.3

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