John Burbank Named Sole Portfolio Manager for Passport Capital on the Litman Gregory Masters Alternative Strategies Fund

With Passport Capital’s announcement that portfolio manager Tim Garry will be leaving the firm, John Burbank will assume the role of lead portfolio manager of the Long-Short Equity sleeve they manage for the Litman Gregory Masters Alternative Strategies Fund. This change is effective January 8, 2016.

Tim Garry had been with Passport for eight years, during which time he helped build out the firm’s risk management and quantitative capabilities. He will stay on as an advisor to the firm until June 2016 to ensure a smooth transition. Because Garry was an important factor in our decision to select Passport as a sub-advisor, we are in the process of evaluating the impact of his departure.