Tag: passport

Another Hedge Fund Manager Sees US Recession

Among George Soros and Ray Dalio hedge fund managers-both have a negative outlook on US economy John Burbank also shares the same view.  Founder of Passport Capital LLC, a $3.8 billion hedge fund, said he expects a U.S. economic recession…

Passport Capital Just Laid off 14 Employees

Passport Capital LLC, the $3.8 billion hedge fund run by John Burbank, laid off 14 employees, seven of them from investment staff. Passport, which slumped 18 percent in 2011, gained 3.7 percent this year through February, the people said. “We…