As Assets Leave, Passport Capital Adjusts Strategy, Looks To Cryptocurrency Craze to Boost AMD

As assets continue to flee his hedge fund, John Burbank III looks for solutions. In a July 31 letter to investors reviewed by ValueWalk, nearly 63% of Passport Global’s assets under management, $480 million , walked out the door in the quarter, Passport’s Q2 Letter reveals. Burbank is stoic as a pair of portfolio managers and the firm’s president leave the firm, making strategy adjustments and looking to unique investing opportunities, some of which might be driven by the...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

John Burbank III [+]    July 31 [+]    ValueWalk [+]    Passport Global [+]    Passport [+]    Burbank [+]   

More #news: