Passport's frustrating plunge

Wed Apr 30, 2008

John Burbank's Passport Capital, which triumphed with a 220% return in 2007, based largely on its subprime short, is now suffering. The aftershock from the credit crunch that was so profitable for Passport last year has devastated Passport's positions this year in its various funds.

Burbank's global strategy fund lost...

ISSN: 2151-1845 / CDC10004H

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