Passport Capital Q1 2010 Letter

Below is Passport Capital's Q1 2010 letter. John Burbank is always worth a read (just look at that CAGR since inception!). They do a good job of giving readers insight into how one of the most successful recent macro funds operate. Enjoy:


Passport Capital Q1 2010 Letter

Update of RAFI

For those of you still following the story, RAFI filed some additional documents with the SEC per their comments. Its a fairness opinion and it suggests a fair value of slightly north of $6. Hopefully this will be the last of the comments and we can move forward with the distribution. The presentation does do a good job of explaining what the company does. Enjoy:

http://www.sec.gov/Archives/edgar/data/99249/000119380510001644/e607130_ex99-c2.htm

Pershing Square's Presentation at Ira Sohn - GGP

Pershing Square_GGP Part II_5!26!10