{"id":23943,"date":"2011-08-09T08:52:57","date_gmt":"2011-08-09T12:52:57","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23943"},"modified":"2011-08-09T08:52:57","modified_gmt":"2011-08-09T12:52:57","slug":"biggs-cuts-risk-in-traxis-hedge-fund-after-u-s-downgrade","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2011\/biggs-cuts-risk-in-traxis-hedge-fund-after-u-s-downgrade.html","title":{"rendered":"Biggs Cuts Risk in Traxis Hedge Fund After U.S. Downgrade"},"content":{"rendered":"<p>San Francisco\u00a0Chronicle\u00a0&#8211; &#8211; Barton Biggs, who last week called U.S. equities a &#8220;strong buy,&#8221; said he cut risk in his Traxis Partners LP hedge fund, echoing trading last year when he sold stocks as Europe&#8217;s debt crisis spread.<\/p>\n<p>&#8220;I&#8217;ve taken some risk off, and I hate to do it, I think it&#8217;s probably the wrong thing to be doing,&#8221; Biggs, who helps manage $1.4 billion as managing partner and co-founder of Traxis, said in a Bloomberg Television interview. &#8220;But I&#8217;m a fiduciary to a certain extent, and I&#8217;ve got to protect my capital.&#8221;<\/p>\n<p><a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/g\/a\/2011\/08\/07\/bloomberg1376-LPM0ZE6K50XZ01-3EFVQRR7RBE18O3UD9B81KKE12.DTL\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco\u00a0Chronicle\u00a0&#8211; &#8211; Barton Biggs, who last week called U.S. equities a &#8220;strong buy,&#8221; said he cut risk in his Traxis Partners LP hedge fund, echoing trading last year when he sold stocks as Europe&#8217;s debt crisis spread. &#8220;I&#8217;ve taken [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23943","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23943"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23943\/revisions"}],"predecessor-version":[{"id":23944,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23943\/revisions\/23944"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}