Passport Global Up 6.7% In Q3; Burbank Worries About LiquidityRupert Hargreaves
The third quarter of 2015 was one of the most turbulence periods for hedge funds since 2008. According to HFC the hedge fund industry suffered a $95 billion decline in assets to $2.87 trillion during the turbulent third quarter as most funds racked up losses amid turbulent markets.
Passport Global was one of the few funds to report a positive performance for the third quarter. Indeed, for the three months ending September 30 Passport Global appreciated 6.7% net versus the MSCI AC . . .
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