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Investors Still Fleeing Burbank’s Passport
The hedge fund posted another sizeable quarterly loss as assets continue to decline.
John Burbank, Passport Capital (photo credit: Jacob Kepler/Bloomberg) Investors continue to abandon John Burbank III’s Passport Capital. The hedge fund firm’s Passport Global fund suffered $67 million in net outflows in the third quarter, according to a client letter obtained by Alpha. Fund assets stood at $185 million as of the
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