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John Burbank Shuts Flagship Hedge Fund, Plans Launch Of Cryptocurrency Unit

The writing for John Burbank’s Passport Capital was on the wall back in August, when as we reported, in his latest letter to investors Burbank reported that at what was once a multi-billion fund, total firm assets at Passport had shrunk to just $900 million as of June 30 as a result of net outflows […]


Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”

Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”   – Listen to Jesse Livermore and ignore the noise of short term market movements, central bank waffle and daily headlines   – Stock and bond markets are overvalued but continue to climb… for now– What goes up must come […]


“It’s Not Worth Fighting” – Hedge Funds Are Dumping Their China Shorts

Pretty soon, China bears will be as rare as the Giant Panda. At least that’s what Bloomberg suggested in a story about how Chinese markets have continued to defy proclamations that country’s economy would soon collapse in an avalanche of bad debt, exposing rampant corporate fraud. Or that a rash of outflows and the pressure […]


Passport Global Slammed With Over 60% In Redemptions In Q2

Back in April, we reported that the Long-Short Strategy Fund of John Burbank, one of the handful of investors who made a killing from shorting subprime, and head of what was at the time the $2.4 billion Passport Capital, was shutting down after a series of negative returns: according to HSBC, the fund – which […]