In memory of Barton Biggs

A legend has passed.

Money manager Barton Biggs, recently of Traxis Partners, and formerly of Morgan Stanley, passed away on July 14 at age 79.

Biggs co-founded one of the first hedge funds known as Fairfield Partners in 1965. He started with Morgan Stanley about eight years later. He established the bank's research department and founded Morgan Stanley Investment Management in 1975 and functioned as the asset management unit's chairman until 2003. He served as a director on Morgan Stanley's board between 1991 and 1996. Biggs spent over 30 years at Morgan Stanley, and his focus on frontier...