John Burbank, Passport Capital, GCC, Saudi Arabia, Macro investing, macro hedge funds, San Francisco-based, global investment firm, emerging markets, valuewalk

As Burbank’s Passport Capital Shuts Hedge Fund Industry Recovers

Yesterday, it emerged that John Burbank’s Passport Capital, which rose to fame following its bets against subprime housing, is planning to shutter its flagship hedge fund after a string of losses.

According to a letter to investors, Burbank wrote in a letter to clients that “returns over the past two years are unacceptable and cause me to rethink how to manage money in this environment" as exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code 2019VIP or click on the button below

Limited time offer only ENDS TONIGHT or next 20 5 subscribers whichever comes first – please do not share this discount with others

 

0