Barton Biggs: EM pioneer who called the dotcom crash

Ex-Morgan Stanley global strategist, champion of emerging markets and caller of everything from the US stock market's bull run to the dotcom crash, has died, aged 79.

Barton Biggs died on 14 July at the age of 79. Biggs, who spent a long career as a global chief strategist for Morgan Stanley, founded one of the first hedge funds, Fairfield Partners, in 1965. The fund returned 133% over the following eight years, compared with 19% for the S&P 500.

He joined Morgan Stanley in 1973, and his attention to emerging markets eventually saw him become one of the bank's first chief global strategists. He encouraged the bank to focus on China and other developing nations.

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