Passport Up 4.9% In September

Oct 6 2010 | 3:47am ET

Add Passport Capital to the list of hedge funds that outperformed their peers but badly lagged the broader markets in September.

The San Francisco-based firm, which made a name for itself by posting triple-digit returns three years ago, saw its flagship add 4.9% last month, Dow Jones Newswires reports. The average hedge fund was up about 3.5%, while the Standard & Poor's 500 Index soared 8.9% for its best September in 71 years.

Passport's flagship, which manages $1.7 billion, is up 7.8% on the year.

Passport manages $3.4 billion in total.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…