Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Trader Leaves SF Hedge Fund Due to Differences

Oct 24, 2013
Jing Chen

The mortgage bond trader at San Francisco-based Passport Capital has left the hedge fund firm.

Bloomberg reported that Jeff Kong, who was based in Passport’s Connecticut office, departed last month after Passport sold its entire portfolio of government-backed mortgage debt last quarter as the market was roiled by concern that the Federal Reserve would cut its $85 billion in monthly bond purchases.

Passport spokesperson Steve Bruce told Bloomberg in an e-mail that the departure was “amicable” as the hedge fund “wishes to focus on its core long/short equity strategies while Jeff wishes to grow an agency MBS strategy that has become less of a priority for Passport.”

Kong is currently “exploring opportunities” to join another investment firm.

Founded in 2000, Passport Capital manages approximately $3.1 billion in assets.



Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy