The Secretive World of Hedge Funds

A hedge fund manager and long-time Wall Street veteran shares his insight into the high-stakes, secretive world of hedge funds.

Guests:

Barton Biggs, long-time veteran of Morgan Stanley. He formed the firm's research department and investment management division, which he chaired for 30 years. He was a member of a five-man executive committee that ran Morgan Stanley until its merger with Dean Witter in 1996.
In 2003 he left Morgan Stanley to form the hedge fund Traxis Partners, which now has more than one billion under management. His new book is "Hedge Hogging."