John Burbank Buys More Internet Companies In Third Quarter

John Burbank presented his bullish thesis on Japanese company Digital Garage, Inc. (TYO:4819) in the 4th Annual Excellence In Investing Conference held in San Francisco in October. The third quarter letter of Burbank’s hedge fund Passport Capital, a copy of which was obtained by ValueWalk, also discusses this bet among others. Passport Capital’s Passport Global fund netted a 7.2% return in Q3, however the fund was down 2.2% in October, trimming the total gain to +15% for the year. Internet stocks recorded whopping returns Two of the major themes in Burbank’s investment style are Chinese and Japanese internet companies, which…