I hear that Traxis got off to a very rough start. Barton’s call was to be aggressively short oil. How’s that workin’ out for ya, pal? Maybe he got the tip from his (imaginary) plumber…
Posted by on 12/31/1969 at 03:00 PM
Book Review: Barton Biggs Dishes on The Street
Thursday, December 01, 2005 - 10:16 am
Morgan Stanley’s often-quoted and less-often right ex-market strategist Barton Biggs has been busy penning a dishy memoir of his years on The Street--and from the early reports it sounds like he really is telling all. The FT serves up one anecdote that whets our appetite. Biggs describes Richard (first names only, we’re afraid) as a banker who’s “as slick and slimy as they come, although he has a smooth, cultured Harvard veneer, wears fancy suits and talks with a hint of a Boston accent.” Amidst these jabs, Biggs weaves investing war stories as well as the play-by-play account of setting up his own hedge fund, Traxis. We can’t wait.
Observer: Biggs Tells All [Financial Times]
Comments:
Unfortunately hedge kids don’t exactly post their numbers on the web, but articles late last year had Traxis up 16% in 2003, down 8% YTD in fall 2004. I sorely lack Mr. Biggs’s very big asset base, but even knowing only those numbers.. whew. I am not impressed.
Posted by on 12/31/1969 at 03:00 PM
Ouch! Well, he’s not exactly known for getting the markets right. Writing about them provacatively, sure.
Posted by UTC on 12/31/1969 at 03:00 PM
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