Struggling Hedge Fund Exec John Burbank Nixes Advanced Micro Devices, Inc. (AMD) and Alibaba Group Holding Ltd (BABA)

Struggling Hedge Fund Exec John Burbank Nixes Advanced Micro Devices, Inc. (AMD) and Alibaba Group Holding Ltd (BABA)

It is a rough time to be 53-year-old John Burbank, founder of Passport Capital and the man who once knew the dice to play in the mortgage crisis- a man who once reaped a full gravy train amid the global financial crisis. Yet, this was 2006, where by 2007 Burbank’s hedge fund firm earned 220%. Present-day, Passport’s assets are a far cry from the golden days of roughly $5 billion in assets. It…

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