Bloomberg, August 08: Barton Biggs, who last week called U.S. equities a “strong buy,” said he cut risk in his Traxis Partners LP hedge fund. “*I’ve taken some risk off*, *and I hate to do it*, I think it’s probably the wrong thing to be doing,” Biggs, who helps manage $1.4 billion as managing partner and co-founder of Traxis, said in a Bloomberg Television interview. “*But I’m a fiduciary to a certain extent, and I’ve got to protect my capital*.”
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