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      Here’s Where LPs See Opportunities in an Uncertain Market
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      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
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      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’
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      Solana vs. Bitcoin vs. Ethereum: How Do They Compare?
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      A Closer Look at Talent Agency CAA's New Family Office Service

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      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO
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      Electron Energized in the Second Quarter

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      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO
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      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’
      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System

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      Georgetown Names Lehigh Investment Chief to Oversee $4B Endowment
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      Yale Law School Dean to Head Ford Foundation
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      Maryland Retirement Appoints New (And Familiar) Acting CIO
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      Private Markets Investment Outlook Q2 2025: Opportunities Amid Uncertainty
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      VC Is Down — But Private Placements for Post-IPO Companies Are Up
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      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal
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      Future Return Expectations Are Not a Straight Line, Especially in U.S. Equities
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      Third Point Boosts Market Bets in May
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      Seattle Children’s CIO Puts Conviction Over Diversification
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      New Vontobel SFA Chief Courts Investors Diversifying Away From the U.S.
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      David Einhorn’s Hedge Fund Swooned as the Market Soared Last Month
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      Lawyer Hopes Case Against LSV Could Be Catalyst for Change
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      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
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      Winners Emerge, But Many CTAs Are Deep in the Red Through June
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      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
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      CFOs and COOs Show Less Favor in Emerging Markets
      Out with the Old, in with the New

      Out with the Old, in with the New
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      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
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      Allocators and Asset Managers Tell Us What Concerns Them Most
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
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      What Happens When Public Capital Steps Back? The New Risk Equation in Women’s Health Investing
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      Investors Reach for What They Recognize
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      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System
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      Judy Chambers, Managing Director, Meketa Investment Group
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      Leena Bhutta, Chief Investment Officer, Doris Duke Foundation
      Kasia Karapuda, Director of Investments, Oberlin College Investment Office

      Kasia Karapuda, Director of Investments, Oberlin College Investment Office
      Kristin Agatone, Chief Investment Officer, Lehigh University

      Kristin Agatone, Chief Investment Officer, Lehigh University
      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury

      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury
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      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise
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      Strategic Gaps and Leadership Blind Spots
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      Shifting Product Priorities: What Firms Have Added in the Last Five Years
      CIOs Tell Us What Concerns Them Most in 2025

      CIOs Tell Us What Concerns Them Most in 2025
      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums

      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
      Bear Market Warning Signals Begin to Emerge

      Bear Market Warning Signals Begin to Emerge
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      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      Trump 2.0 and the Markets

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      Valuations Have Dropped, but Not Enough to be “Cheap”
      Why Small-Caps Could Outperform in the Next Economic Cycle

      Why Small-Caps Could Outperform in the Next Economic Cycle
      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy

      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves

      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves
      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha

      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha
      What History Reveals About U.S. Debt Downgrades

      What History Reveals About U.S. Debt Downgrades
      Podcast: Uncovering Opportunities in Direct Real Estate

      Podcast: Uncovering Opportunities in Direct Real Estate
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      Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity
      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios

      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios
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      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise
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      U.S. Imports Surge Amid Tariff Uncertainty
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      Trump 2.0 and the Markets

      Trump 2.0 and the Markets
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  • About Us
Imogen Rose-Smith
Assets Fall at Passport as Performance Plummets
The San Francisco hedge fund firm, known for its volatile returns, is experiencing hefty redemptions following a period of employee turnover and big performance losses.
Imogen Rose-Smith April 12, 2017
2017-04-imogen-rose-smith-passport-capital-john-burbank-large1.jpg

John Burbank III, founder of San Francisco-based Passport Capital, has a reputation for being a sometimes-brilliant investor who makes big bets that can reap huge gains — or go spectacularly wrong. Lately, the firm’s investments have fallen into the latter category, sources say, and the

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