Barton Biggs graduated from Yale University in 1955 as an English major and then served in the U.S. Marines for three years before co-founding one of the industry’s first hedge funds in 1965. Working at his hedge fund, Fairfield Partners, for eight years Biggs had a 133% return versus an S&P 500 return of just 19%. Biggs joined Morgan Stanley in 1973, and served as their global investment strategist from 1985 until retiring in 2003. Upon leaving Morgan Stanley, Biggs formed Traxis Partners. At the time of Biggs’s death in July 2012, Traxis had around $1.5 billion under management. The Greenwich, Connecticut based investment firm focuses on global, multi-asset class investment strategies.