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John Burbank’s Passport Capital Gains Nearly 8 Percent in July

The San Francisco hedge fund firm is on track to post its best performance since 2007, when Burbank made a bundle shorting subprime.

       Passport Capital founder John Burbank Photo credit: (Bloomberg)John Burbank III’s Passport Capital is on target to post its best performance in six years. The San Francisco–based firm’s $1.3 billion flagship Passport Global Strategy fund posted a very strong 7.7 percent net gain in July, pushing its return for the first seven

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