The origins of Passport Capital

Hedge Fund managers are the rock stars of finance. Often famous and nearly always rich, they have fans and followers to rival any musical outfit. Yet it’s worth remembering how they gained fame. John Paulson was an unknown until he made a billion dollars from the GFC; Seth Klarmen’s following has grown from decades of stunning performance while David Einhorn’s celebrity is owed to a series of bold – and accurate – calls. Perhaps the most interesting of all origin stories is the rise of US based manager John Burbank, who runs Passport Capital. At just 30, Burbank broke all...

Hedge Fund managers are the rock stars of finance. Often famous and nearly always rich, they have fans and followers to rival any musical outfit. Yet it’s worth remembering how they gained fame. John Paulson was an unknown until he made a billion dollars from the GFC; Seth Klarmen’s following has grown from decades of stunning performance while David Einhorn’s celebrity is owed to a series of bold – and accurate – calls.

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