23 John Burbank III

23 John Burbank III

Passport Capital

$370 million

John Burbank knew as early as 2005 that the subprime mortgage market was a bubble that would inevitably burst. Late that year he began to heavily short subprime mortgage pools and riskier, heavily leveraged collateralized debt obligations.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related