John H. Burbank III established Passport Capital LLC in 2000. It is a San Francisco based, global investment firm. The firm manages $3.0 billion in assets. Passport’s investment process uses a combination of macroeconomic analyses to develop general themes and intensive fundamental research on individual companies to develop global portfolios. The firm’s investment team concentrates on the following areas: Energy, Agriculture, Consumer, Financial Services, Healthcare, Basic Materials, India & Capital Markets, Internet / Technology, and Middle East & North Africa. The staff has 35 investment professionals who focus on the above industries / sectors / regions. The operations and administrative teams consist of 32 people.

John H. Burbank III’s global strategy is a long-biased, value-oriented strategy which seeks significant inefficiencies in the world’s most promising capital markets. The global portfolio is diversified, and draws on the research of Passport’s sector teams and international research. Since the strategy seeks very high, long-term, risk-adjusted returns, the portfolio contains investments in a wide variety of geographies, industries and capitalizations. The portfolio’s short positions generally derive from our identification of structurally over-invested industries and from risk management judgments.