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Everest, Passport and Others Reconsider Emerging Markets

Managers are finding that when it comes to emerging market investing, the easy money has already been made.

       Passport founder and CIO John Burbank. Photo: Bloomberg News) John Burbank III, the founder and CIO of Passport Capital in San Francisco, was once an emerging-markets bull who invested heavily in companies that stood to profit from China’s rapid industrialization. “Be long what China is short” is how he describes his

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