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Barton Biggs Obituary
Morgan Stanley CEO James Gorman confirmed Biggs' death in a memo to employees. A bank spokeswoman told The Associated Press that Biggs died after a short illness.
Biggs co-founded one of the first hedge funds, Fairfield Partners, in 1965, Gorman said. Biggs joined Morgan Stanley in 1973 and founded Morgan Stanley Investment Management in 1975. He served on the bank's board until 1996.
Biggs retired from Morgan Stanley in 2003 and formed another hedge fund, Traxis Partners.
In 1997, during a long bull market for stocks, Biggs said: "Deep in the American psyche, along with motherhood, apple pie and the flag, is the belief that stocks are fabulous investments and that if you hold them long enough you can't lose."
He warned, though, that stocks in most parts of the world were already "very expensive."
In a speech in Tokyo on Jan. 21, 1999, Biggs predicted that a spectacular rally in Internet stocks would "come to a very bad end." The warning was credited with pushing the Dow Jones industrial average down 71 points that day.
The most widely watched measure of technology stocks, the Nasdaq composite index, peaked on March 10, 2000, before losing almost 80 percent of its value over the next two and a half years.
Gorman said in the memo to Morgan Stanley employees that Biggs "left an indelible mark on our business, our culture and our shared notion of leadership at Morgan Stanley."
"He was known as an independent thinker, colorful writer and one of the pioneers of emerging markets investing," Gorman wrote, "and our firm benefited from his vision."
Biggs graduated from Yale University and served as an officer in the Marine Corps. He was the author of three books, "Hedge Hogging," ''Wealth War & Wisdom" and "A Hedge Fund Tale of Reach and Grasp."
Biggs was survived by a son, two daughters and nine grandchildren, and memorial information was not available, Gorman said.
Copyright © 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Memorial services for Barton Biggs:
11AM Friday, September 7, 2012
Christ Church
254 East Putnam Avenue
Greenwich, CT
http://www.christchurchgreenwich.org/pages/9382751.php
13 Entries
March 16, 2014
In this time of a loss of someone special in our lives be comforted to know God cares and will help us endure through his love with comfort and peace. We miss this talented person whom everyone no doubt respected and admired.
Salwa Razzouqi
July 17, 2013
Barton , a year had passed and your words still remembered. May peace and god blessings surround you
John Boyle
September 3, 2012
To be such a brilliant prognosticator ( I speak of looking around corners before reaching them) of the market's vagaries is something very rarely found in the financial world. To be also such a gifted writer as He was required a splendidly unusual equipoise between great pragmatic intellect and the heart of the poet. Barton Biggs embodied both in an impossible and hence treasured mixture so as to make him
a legend in the financial world where success is rigorously challenged and toyed with by the gods of chance. God Speed Barton! God Bless You.
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Detachment 1151 Marine Corps League
August 7, 2012
Our Deepest Sympathy In This Time Of Loss!
Salwa Razzouqi
July 24, 2012
Barton Biggs was big in all aspects. I have known him for many years.He was a great investment strategist, a very humble, humane and very kind person. He became a great family friend.I will miss him every time I visit New York and he is not there.I loved his investment research.I wish they can be collected and reissued as they are pieces of literature encompassing his great knowledge of markets mixed with historical anecdotes, and his wisdom.
Barton,may your soul rest in piece.you will be missed so much
doug plumger
July 18, 2012
His humility in an industry not known for it, and his almost casual brilliance were striking. Hearing Barton speak on Mondays at our morning research meetings was one of real joys of working at MS. He will be terrible missed.
July 18, 2012
I am so sorry for your loss. Please find peace and comfort in knowing that God cares for you and will help you in your time of need. 1 Pet. 5:7
D. Pulini
July 18, 2012
Barton was a beacon of light in his life, industry, career and to me. I worked with him briefly at Morgan Stanley in NYC many years ago. He was so kind and helpful to me in my career. My condolences to his family, loved ones, friends and colleagues. He will be greatly missed.
Liam Hartley
July 17, 2012
Will greatly miss his second to none analysis and insight,go in peace.
Rick Schmull
July 17, 2012
A Unique Investment Professional, Mentor and former Colleague at Morgan Stanley (1979-2003).RIP.
N. Sledge
July 16, 2012
"You are opening your hand and satisfying the desire of every living thing" (Psalm 145:16). My sincere condolences.
July 16, 2012
I will not leave you comfortless: I will come to you.-John 14:18
May God's gentle peace fill your heart
and comfort your ...soul today and in the days to come,
With Deep Sympathy,
L. Green-W.P.Bch., FLA 33407
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