After Strong 2013, John Burbank Notes Different Market Environment

John Burbank's Passport Global, with $1.4 billion in firm assets under management, finished 2013 with a strong 23.2% return, besting the hedge fund’s annualized return of 18.8% since its inception, according to an investor letter reviewed by ValueWalk.  The firm had net asset inflows of $58 million in the fourth quarter.

In the quarter, the fund generated a 4.5% return with a standard deviation of 11 . . .

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