It has been a troubling year for John Burbank and the hedge fund he founded, Passport Capital. The hedge fund shuttered its Long / Short equity fund last month amid poor performance as the firm had been battling to stem investor withdrawals in other funds amid sour performance. Those troubles extended themselves in the first quarter for Passport Global, a letter to investors reviewed by ValueWalk reveals. Assets flee Passport Global, fund down -8.3% in 1st quarter Passport Global, a fund managed by Burbank himself, was down -8.3% in the first quarter of 2017, a time when the S&P 500…
Passport Global Sees Assets Flee Amid Another Rough Quarter
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.