Burbank’s Passport Suffers Another Sharp Drop in Assets
Subprime star John Burbank III’s multistrategy hedge fund firm, which once managed $4 billion after it earned triple-digit returns in 2007, is down to less than $1 billion after a long spell of poor performance.
Stephen Taub
August 14, 2017
John Burbank, founder and chief investment officer at Passport Capital, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 12, 2016. The SALT Conference facilitates balanced discussions and debates on macroeconomic trends, geopolitical events, and alternative investment opportunities within the context of a dynamic global economy. Photographer: David Paul Morris/Bloomberg *** Local Caption *** John Burbank
David Paul Morris/Bloomberg
