{"id":30048,"date":"2012-07-12T05:55:24","date_gmt":"2012-07-12T09:55:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30048"},"modified":"2012-07-12T05:55:24","modified_gmt":"2012-07-12T09:55:24","slug":"passport-to-wind-down-materials-hedge-fund-after-31-loss","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2012\/passport-to-wind-down-materials-hedge-fund-after-31-loss.html","title":{"rendered":"Passport To Wind Down Materials Hedge Fund After 31% Loss"},"content":{"rendered":"<p>Bloomberg &#8211; Passport Capital LLC, the $3.4 billion hedge fund founded by\u00a0John Burbank, plans to wind down its materials fund after a 31 percent loss this year, according to a letter to investors obtained by Bloomberg News.<\/p>\n<p>The Passport Materials Fund fell 17 percent in the second quarter, the fund\u2019s portfolio managers, James Cunningham and Sebastien Boifort, said in a letter to investors dated yesterday.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-07-10\/passport-to-wind-down-materials-hedge-fund-after-31-loss.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Passport Capital LLC, the $3.4 billion hedge fund founded by\u00a0John Burbank, plans to wind down its materials fund after a 31 percent loss this year, according to a letter to investors obtained by Bloomberg News. The Passport Materials [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30048","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=30048"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30048\/revisions"}],"predecessor-version":[{"id":30049,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30048\/revisions\/30049"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}