Passport to Profits

Kitchens, Susan
May 2008
Forbes Asia;5/5/2008, Vol. 4 Issue 8, p54
The article focuses on the investment strategy of John Burbank, founder of hedge fund firm Passport Capital. He became one of the highest-paid people in the U.S. in 2007 by focusing on places like China and India. He began shorting the stocks of U.S. subprime lenders in 2004. When housing began to melt down last summer, the value of Burbank's short positions and swaps soared.


Related Articles

  • BURBANK AT THE BAT. Smith, Matt // Trader Monthly;Apr/May2008, Vol. 5 Issue 2, p102 

    The article profiles John Burbank, a hedge-fund manager at Passport Capital. It states that he began with just $800,000 of family-and-friends money under management and immediately turned in solid performance during the tumultuous market of 2001-2002. His bets for 2008 include financials in the...

  • Passport Capital Praises Developing Macro Environment. Taub, Stephen // AR Magazine;3/2/2015, p6 

    The article discusses the positive outlook on macro investing environment by Passport Capital chief investment officer John Burbank III and director William Nolan. Topics include the company's plan to run the portfolio of Passport Global at the top of the risk budget all year round for 2015, a...

  • Everest, Passport and Others Reconsider Emerging Markets. Alexander, Jan // AR Magazine;Nov2013, Vol. 5 Issue 11, p5 

    The article discusses the plan of several U.S. hedge fund managers to re-invest in emerging markets in 2013. John Burbank III, founder and chief information officer (CIO) of Passport Capital, considers investing in the growing consumer and service sectors in China and other emerging markets....

  • The Sub-Prime Lending Crisis Now Is A Real Monster.  // ENR: Engineering News-Record;11/12/2007, Vol. 259 Issue 17, p56 

    The article assesses the impact of the sub-prime mortgage crisis on the housing market in the U.S. and in other countries. The article argues that one mistake that should not be repeated is the public bailout of borrowers, lending institutions that made loans to unqualified individuals, firms...

  • Global investors exit local debt markets. Martin, Matthew // MEED: Middle East Economic Digest;5/2/2008, Vol. 52 Issue 18, p11 

    This article states that foreign investors are becoming more wary of Middle East debt, because of sub-prime losses in other markets and a shift towards financing being raised in local currencies. In 2007, global interest in Middle East debt was so high that many corporations in the region were...

  • Kinsey-Quick buys into subprime. Hughes, Frances // Fund Strategy;5/12/2008, p10 

    The article reports that Ken Kinsey-Quick, Thames River's head of multi-manager, has purchased into subprime credit in Great Britain. Kinsey-Quick is moving long in subprime credit because he states that the pendulum of market sentiment over the sector has swayed too far. In 2006, Kinsey-Quick...

  • Behind the current problem. P. H. // CA Magazine;Jan/Feb2009, Vol. 142 Issue 1, p30 

    The article focuses on the economic impact of several complex investment vehicles that have been developed to accomplish loan securitization, such as collateralized debt obligation (CDO). Investors in CDO and other securitization vehicles have lost confidence and decided to stop investing when...

  • John Burbank's Passport Capital Gains Nearly 8 Percent in July. Taub, Stephen // AR Magazine;Aug2013, Vol. 5 Issue 8, p30 

    The article discusses the net gain posted by hedge fund firm Passport Capital's Passport Global Strategy fund in July 2013. It mentions the possibility that 2013 could be the company's best year since 2007, when it posted a 220 percent net return betting against the real estate market. The...

  • Credit crunch gives foreign investors an edge. Gose, Joe // National Real Estate Investor;Oct2007, Vol. 49 Issue 10, p64 

    The article reports on the subprime residential mortgage debacle and its significance to foreign investors real estate funds in the U.S. The current debacle has made foreign investors became net sellers as of 2006, due to its conservative approach to foreign capital funds in the major markets....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics