Barton Biggs, the former Chief Global Strategist for Morgan
Stanley, has died after a short illness, CNBC reported this morning, citing a
memo from the bank's CEO James Gorman.
He was 79.
Biggs, born in 1932, had a Wall Street career nothing short
of illustrious. Graduating from Yale in
1955, Biggs did a stint as an English teacher at the Landon School in Bethesda,
MD while playing semi-professional soccer and trying to write "the great
American Short Story," Bloomberg reported in 2006.
In 1961 he joined E.F. Hutton at a salary of $7,200 a year. Biggs
moved to Morgan Stanley in 1973 as a managing director and partner (the first
ever to be brought in from outside of the firm). He went on to form the firm's
research department and served as its Chief Global Strategist until he retired
in 2003. Upon his retirement Biggs founded the Connecticut-based
hedge fund Traxis Partners, telling Bloomberg in 2006 that he had no interest
in typical retirement activities
His influence was profound over the latter portion of the
twentieth century; SmartMoney wrote, "It wouldn't be a stretch to say
Biggs wrote the book on emerging-market investment." Biggs also called the
tech bubble over a year before it burst. ….
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