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as a managing director and general partner in May 1973. As the firm's first research director, he established Morgan
Stanley Investment Management in 1975. Biggs served on the bank's board until 1996 and retired from the company in 2003 at age 70. He claimed to have left Morgan Stanley partly
339:
Barton Biggs's Traxis Fund LP tumbled 10 percent in the first half of the year, hurt by bets that U.S. shares would appreciate. As recently as May, Biggs, 75, said the U.S. economy will grow in the second half of 2008, the
Standard & Poor's 500 Index may climb to a record and commodity prices
451:, which came from a journal kept by the former creative writing major at Yale and chronicles some of the indignities of being in the hedge fund business as well as its "very brilliant and often eccentric and obsessive people". He wrote about quirks of hedge fund culture; he noted that
396:
magazine once called him "the ultimate big-picture man ... the premier prognosticator on the international scene and a mover of markets from
Argentina to Hong Kong. It wouldn't be a stretch to say Biggs wrote the book on emerging-market investing".
273:
upon graduation in 1961, with a starting salary of $ 7,200 a year. In 1965, Biggs co-founded one of the industry's first hedge funds, Fairfield
Partners. During his eight-year tenure there, the fund returned 133 percent; whereas the
384:
His influence could be seen when, in 1996, some traders were surprised that India funds suddenly became popular. "Barton Biggs is there, having a look around", one trader said. "Do you need to know more?" Biggs was named by
629:
News release from Morgan
Stanley, January 17, 2006, "Barton Biggs to Become a Consultant to Morgan Stanley after 30 Years with the Firm; Will Advise Morgan Stanley Hedge Fund as Founder of New Firm," accessed August 18,
289:
After leaving Morgan
Stanley in 2003, Biggs founded hedge fund Traxis Partners, where he remained until his death. According to Madhav Dhar, Biggs' partner, he enjoyed the intellectual challenge of running a fund.
389:
magazine to its "All-America
Research Team" ten times, and was voted the top global strategist and first in global asset allocation from 1996 to 2000 by the magazine's "Investor Global Research Team" poll.
474:: "Your safe haven must be self-sufficient and capable of growing some kind of food", Mr. Biggs wrote. "It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think
470:. Biggs recommended that his readers should "assume the possibility of a breakdown of the civilized infrastructure". He went so far as to recommend planning adaptation strategies now and setting up
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was very popular, perhaps due to its "measurable" nature similar to investing. "Or", he wrote, "maybe it's because hedge-fund guys are so competitive and have such massive egos".
613:
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978:
372:. In March 2003, Biggs predicted that U.S.stocks would rise up to 50 percent, and more for emerging markets; the former climbed as much as 88 percent, while the
560:
1018:
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However, he correctly called the bottom in U.S. stocks in March 2009, and that year Traxis's flagship fund returned three times the industry average.
239:
in his youth. He ended up choosing that career path after feeling left out from conversations between his father and younger brother, Jeremy, who worked at a
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stock index was approaching its peak, from which it tumbled more than 77 percent. On the other hand, he was incorrectly bullish on
177:, working at the company from 1931 until his death in 1974. He also renegotiated defense contracts for the U.S. government during
876:
521:
804:
125:
marked him as one of the world's first and foremost global investment strategists, a position he held—after inventing it in 1985—at
714:"Soros Successors Thiel, Howard Prove Global Bears Rule Markets," by Katherine Burton at Bloomberg News Web site, J August 1, 2008
478:. Even in America and Europe there could be moments of riot and rebellion when law and order temporarily completely breaks down."
988:
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169:, was the top public-health official in New York and instituted measures that contributed to the eradication of
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550:"Hedge Funds," article by Lawrence C. Strauss, SmartMoney.com Web site, June 1, 2006, accessed August 18, 2006
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was posting annual gains that had averaged 25 percent from 1995 to 1999. In a July 1999 interview in
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for over 30 years. Following his retirement in 2003, he founded Traxis
Partners, a multibillion-dollar
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Diary of a
Hedgehog: Biggs' Final Words on the Markets: Barton Biggs: 9781118299999: Amazon.com: Books
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in the history of the world", a view that was dismissed by the industry until March 2000, when the
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427:. At the time of his death, Biggs lived in Connecticut. He died from complications arising from a
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157:, named for his maternal grandmother, whose last name was Barton. He grew up on Manhattan's
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489:. In 2012, a final book, "Diary of a Hedgehog" was published posthumously on November 6.
582:"Morgan Stanley's Biggs Shares Pain of Top Hedge-Fund Players," a review of Biggs' book
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by
Jeffrey Burke at Bloomberg News Web site, January 6, 2006, accessed August 18, 2006
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measures, such as looking into "polar cities" as safe refuges for future survivors of
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462:. He had a gloomy outlook for the economic future, and suggests that investors take
664:"Barton Biggs Shines a Light on Hedge Funds" by Jim Zarroli, National Public Radio
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because his job had evolved into managing people rather than formulating strategy.
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in U.S. stocks that began in 1982. He also predicted the bearish market in
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Biggs and his wife, Judith Anne Lund had three children; the marriage ended in
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930:(Review of Biggs' novel A Hedge Fund Tale), Bloomberg, January 17, 2011
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He "sealed his fame" as an investor when he correctly identified the
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worth about $ 150,000, but he showed little interest in finance and
928:"Barton Biggs’s Hedge-Fund Heroes Pile Up Zeroes in Gilded Fable,"
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232:
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Web page titled "Pundit Watch: Barton Biggs" at the Web site of
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secret society. After graduating in 1955, Biggs served in the
105:
Founder of Morgan Stanley Investment Management, Predictor of
435:
graduate, is married to the billionaire hedge fund manager
315:, Biggs called the U.S. stock market "the biggest
522:"Traxis Partners Founder Barton Biggs Dies At Age 79"
173:. Biggs' father was the chief investment officer of
1009:
New York University Stern School of Business alumni
101:
91:
77:
59:
47:
28:
21:
141:. He is best known for accurately predicting the
376:Emerging Markets Index rose more than fourfold.
777:"Jeremy Biggs Was Investor and Philanthropist"
668:, February 20, 2006, accessed August 18, 2006.
781:The Vineyard Gazette - Martha's Vineyard News
257:, first published in 1934. He graduated from
8:
204:as an English major and was a member of the
181:and was executive committee chairman of the
734:magazine, no date, accessed August 18, 2006
834:"Duck and Cover: It's the New Survivalism"
224:, and tried his hand at creative writing.
117:(November 26, 1932 – July 14, 2012) was a
18:
1014:Infectious disease deaths in Connecticut
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606:
415:in Manhattan is named in Biggs’s honor.
153:Biggs was born on November 26, 1932, in
979:American finance and investment writers
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458:Biggs was also author of the 2008 book
411:The fitness center at Morgan Stanley’s
243:. He took his father's advice and read
212:for three years, taught English at the
708:: CS1 maint: archived copy as title (
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431:. His niece, Fiona Katharine Biggs, a
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200:. He studied under poet and novelist
189:in New Jersey and graduated in 1951.
7:
1019:20th-century American businesspeople
340:will retreat as much as 30 percent.
994:Stock and commodity market managers
520:Stanton, Elizabeth (16 July 2012).
331:Barton Biggs was blindsided by the
14:
984:Businesspeople from New York City
974:American male non-fiction writers
867:Biggs, Barton (6 November 2012).
561:"Bloomberg Printer-Friendly Page"
400:Biggs appeared numerous times on
832:Williams, Alex (April 6, 2008).
815:358 pages; Wiley; January 2008;
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745:"Fiona K. Biggs Wed in Nevada"
1:
227:At age 18, Biggs was given a
309:Dow Jones Industrial Average
278:returned a mere 19 percent.
259:NYU Stern School of Business
964:American financial analysts
850:Wiley (December 28, 2010),
481:In 2010, Biggs published a
1035:
969:American economics writers
614:"Morgan Stanley Pressroom"
333:2007–2008 financial crisis
327:2007–2008 financial crisis
323:Index dropped 78 percent.
220:, played semiprofessional
165:His paternal grandfather,
799:308 pages; Wiley; 2006;
485:about the stock market,
447:Biggs was the author of
404:and was a member of the
149:Early life and education
989:People from Connecticut
959:American money managers
922:San Francisco Chronicle
917:Collected news coverage
906:Collected news coverage
358:Japanese stocks in 1989
129:, where he worked as a
460:Wealth, War and Wisdom
387:Institutional Investor
342:
271:E. F. Hutton
139:Greenwich, Connecticut
16:American money manager
476:Swiss Family Robinson
437:Stanley Druckenmiller
352:He had predicted the
337:
294:Financial predictions
183:Brookings Institution
380:Awards and accolades
370:peso crashed in 1994
313:Bloomberg Television
187:Lawrenceville School
115:Barton Michael Biggs
33:Barton Michael Biggs
999:Yale College alumni
429:bacterial infection
413:global headquarters
368:shortly before the
216:, a prep school in
145:in the late 1990s.
121:whose attention to
86:New York University
954:American investors
838:The New York Times
749:The New York Times
261:with distinction.
218:Bethesda, Maryland
202:Robert Penn Warren
192:Biggs enrolled at
185:. He attended the
856:978-0-470-60454-0
821:978-0-470-22307-9
487:A Hedge-Fund Tale
472:survival retreats
348:Other predictions
246:Security Analysis
210:U.S. Marines
179:World War II
112:
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43:November 26, 1932
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687:. Archived from
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616:. Archived from
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569:. Archived from
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321:Nasdaq Composite
276:S&P 500
175:Bank of New York
167:Hermann M. Biggs
163:Washington, D.C.
123:emerging markets
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433:Barnard College
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362:Nikkei 225
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251:Benjamin Graham
196:, his father's
194:Yale University
159:Upper East Side
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82:Yale University
78:Alma mater
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889:External links
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878:978-1118299999
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751:. 1988-09-04.
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684:Bloomberg News
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645:New York Times
641:"Barton Biggs"
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566:Bloomberg News
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526:Bloomberg News
496:
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468:global warming
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307:at a time the
305:dot-com bubble
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299:Dot-com bubble
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283:Morgan Stanley
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143:dot-com bubble
127:Morgan Stanley
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107:dot-com bubble
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102:Known for
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55:(aged 79)
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691:on 2010-03-21
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51:July 14, 2012
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1004:Survivalists
920:
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900:Charlie Rose
899:
895:Barton Biggs
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795:
784:. Retrieved
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760:. Retrieved
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693:. Retrieved
689:the original
682:
673:
665:
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635:
622:. Retrieved
618:the original
584:Hedgehogging
583:
575:. Retrieved
571:the original
564:
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529:. Retrieved
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449:Hedgehogging
448:
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410:
408:Roundtable.
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241:pension fund
226:
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171:tuberculosis
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53:(2012-07-14)
23:Barton Biggs
949:2012 deaths
944:1932 births
732:Smart Money
464:survivalist
360:, when the
354:bull market
137:, based in
60:Nationality
938:Categories
786:2020-08-13
762:2020-08-13
695:2017-03-05
624:2006-08-18
577:2017-03-05
493:References
393:SmartMoney
255:David Dodd
198:alma mater
135:hedge fund
92:Occupation
39:1932-11-26
911:Bloomberg
757:0362-4331
237:investing
229:portfolio
704:cite web
599:NBC News
406:Barron's
96:Investor
531:17 July
425:divorce
161:and in
131:partner
875:
854:
819:
803:
755:
443:Author
366:Mexico
317:bubble
265:Career
233:stocks
231:of 15
222:soccer
69:
483:novel
206:Elihu
873:ISBN
852:ISBN
817:ISBN
801:ISBN
753:ISSN
710:link
630:2006
533:2012
453:golf
402:CNBC
374:MSCI
253:and
48:Died
29:Born
919:at
908:at
897:on
249:by
940::
871:.
836:.
779:.
747:.
719:^
706:}}
702:{{
681:.
653:^
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37:(
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