Team Members

Our team of 30 investment professionals focuses on the following industries / sectors / regions: Basic Materials, Energy, India, Global Consumer, Internet / Technology, Healthcare / Biotechnology and Sub-Prime Mortgage CDS. Our operations and administrative team consists of 18 people.  The biographies of our employees grouped by team are below. 




Chief Investment Officer


John H. Burbank III
Managing Member and Chief Investment Officer

  • Founder of Passport Capital LLC in August 2000. Sole Managing Member and Chief Investment Officer
  • 1999–2000 Consultant for JMG Triton Offshore, Ltd. a $1.0 billion market neutral arbitrage fund
  • 1996–1998 Director of Research for ValueVest Management, a $150 million long/short global value fund
  • 1992–1996 Various management positions in start-up companies, active as a private investor
  • 1992 MBA received from Stanford Graduate School of Business
  • 1987 BA in English Literature received from Duke University


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Basic Materials


Jim Cunningham, CFA
Portfolio Manager

  • Manages the investment management process for the Basic Materials sector
  • 1997–2003 Portfolio Manager for Renberg Capital Management. Co-managed $500 mm in assets
  • 1996–1997 Vice President of Business Development for Crossroads Software
  • 1994–1996 Senior Director of Worldwide Industry Strategy Group for Oracle Corp
  • 1993–1994 Consultant for Booz Allen & Hamilton in San Francisco
  • 1985–1990 Manager in Information Services Group for Morgan Stanley in New York and Hong Kong
  • 1992 MBA received from the Stanford Graduate School of Business
  • 1985 BS in Financial Economics received from Lehigh University


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Energy


Walther Lovato, CFA
Portfolio Manager

  • Manages the investment management process for the Energy sector
  • 1998 Equity Analyst for ValueVest Management, a $150 million long/short global value fund
  • 1997 Summer Associate at Goldman Sachs
  • 1991–1996 Research Analyst/Institutional Sales at Brown Brothers Harriman & Co. in New York and London
  • 1998 MBA received from UC Berkeley Haas School of Business
  • 1991 BA in International Monetary Policy received from Bocconi University (Milan)


Laurance Narbut
Portfolio Manager

  • Co-manages the investment management process for the Energy sector focused on exploration and production companies
  • 2001–2003 Principal at Richmond Financial LLC, specializing in public and private equity
  • 1998–2000 Associate for Sun Capital Partners, a $160 million private equity fund in Moscow
  • 1997 Summer Associate at Parthenon Group, a management consulting and private equity firm
  • 1993–1996 Investment Banking Analyst at Credit Suisse First Boston
  • 1998 MBA received from Harvard Business School
  • 1994 BS in Economics, cum laude, received from The Wharton School and BA in Regional Science from the University of Pennsylvania


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India


Dipak Patel
Portfolio Manager

  • Manages the investment management process for industry and company analyses in India
  • 2000–2003 Senior Research Analyst at Franklin Templeton Investments, supporting research and product development for Templeton’s global and emerging markets funds
  • 1996–1998 Equity Research Analyst at Equity Traders, LLP
  • 1998 BS in Finance received from The Stern School at NYU


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Global Consumer


Edward Bozaan
Portfolio Manager

  • Manages the investment management process for the Global Consumer sector
  • 1997-2004 Founder and Chief Investment Officer, Waterford Partners, an emerging markets fund focused on stock markets post market crashes and countries in crisis
  • 1994-1997 Founding Partner/Portfolio Manager, Caspian Asset Management, a long/short hedge fund focused on emerging markets
  • 1993-1994 Portfolio Manager, Emerging Markets, Normandy Asset Management, a global emerging markets fund 
  • 1990-1993 Analyst, Emerging Markets, Unifund, a $2 billion family office based in Geneva
  • 1987-1990 Associate, Morgan Stanley & Co.
  • 1987 MBA in Finance and Public Policy received from the University of Chicago
  • 1980 BA received from Anderson University


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Internet / Technology


Andrew Seligson
Portfolio Manager

  • Co-manages the investment management process for the Internet and Technology sector
  • 2000 Summer Associate for Passport Capital
  • 1995–1999 Strategic Planning Group Analyst at NEC Corporation in Tokyo
  • 2001 MBA received from Haas School of Business, University of California at Berkeley
  • 1995 BA in Asian Studies and Computer Science received from Colgate University


Seth Spalding, CFA
Portfolio Manager

  • Co-manages the investment management process for the Internet and Technology sector
  • 2001–2002 VP Goldman Sachs covering communications technology sector
  • 2000–2001 Director of Research for Epoch Partners covering networking and telecom sectors
  • 1998–2000 Research Analyst for C.E. Unterberg Towbin covering broadband telecom sector
  • 1995–1998 Research Associate for Gartner Group covering networking and telecom sectors
  • 1995 AB in Human Biology received from Stanford University


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Healthcare / Biotechnology


Uri Ratner
Portfolio Manager

  • Manages the investment management process for Healthcare and Industrial Biotechnology sectors
  • 2005 Co-founder of Covalence Capital LLC, a long/short hedge fund focused on healthcare companies
  • 2000–2004 Senior healthcare analyst at Castle Creek Life Science Partners
  • 1997–2000 Healthcare analyst at Kilkenny Capital
  • 1994–1996 Research associate at Children’s Memorial Hospital in Chicago focused on pediatric brain tumors
  • 1996 MS in Molecular Biology received from Northwestern University
  • 1994 BA in Economics received from Washington University


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Sub-Prime Mortgage CDS


John H. Burbank III
Managing Member and Chief Investment Officer

  • Founder of Passport Capital LLC in August 2000. Sole Managing Member and Chief Investment Officer
  • 1999–2000 Consultant for JMG Triton Offshore, Ltd. a $1.0 billion market neutral arbitrage fund
  • 1996–1998 Director of Research for ValueVest Management, a $150 million long/short global value fund
  • 1992–1996 Various management positions in start-up companies, active as a private investor
  • 1992 MBA received from Stanford Graduate School of Business
  • 1987 BA in English Literature received from Duke University


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Capital Markets


John Woodberry
Portfolio Manager

  • Manages the investment management process for Capital Markets
  • 2004-2007 Founder and Portfolio Manager at Independence Capital Asset Partners, LLC, a $0.5 billion long/short hedge fund
  • 2001-2004 Assistant Portfolio Manager and Research Analyst at Cobalt Capital, a $2.2 billion long/short hedge fund
  • 2000-2001 Research Analyst at Trident Global, a $0.8 billion long/short hedge fund
  • 1998-2000 Founder and Portfolio Manager at MMCM, LLC, a start up long/short hedge fund
  • 1995-1998 Assistant Portfolio Manager and Research Analyst at Templeton Investment Counsel
  • 1990, 1991-1994 Associate at Smith Barney Corporate Finance
  • 1991 MBA received from Harvard Graduate School of Business
  • 1986 AB in History received from Stanford University
  • Board Member of Dividend Capital Total Realty Trust


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Operations / Finance


Joanne Cormican, CFA, CPA
Chief Financial Officer

  • Manages operations, compliance, finance and accounting and advises on risk management
  • 2002–2004 Senior Investment Officer and Partner of Allianz Hedge Fund Partners
  • 1994–2002 Director, Head of Risk Management at Citigroup Alternative Investment Strategies
  • 1989–1994 Audit Manager at Coopers & Lybrand LLP
  • 1989 Bachelors of Commerce received with honors from Queens University in Kingston, Ontario, Canada


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Marketing


Bill Nolan
Director of Sales and Marketing

  • Directs investor relations, fund raising, marketing and communications
  • 1999–2007 General Partner, Head of Sales and Marketing for Crosslink Capital, a $1.4 billion alternative investment firm focused on public and private technology investing
  • 1996–1999 Principal, Robertson Stephens & Co., Private Client Services
  • 1993–1996 Vice President, Legg Mason Inc., Private Client Services
  • 1991–1993 Senior Consultant, Arthur Andersen, Business Systems Consulting
  • 1987–1989 Consultant, Booz Allen & Hamilton
  • 1992 MBA received from University of Michigan Ross School of Business
  • 1987 BS in Mechanical Engineering from University of Notre Dame


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