Former SPM star trader finally joins John Burbank’s Passport Capital

April 15th, 2011
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Jeffrey Kong, a former star trader at Structured Portfolio Management (SPM), will be joining Passport Capital, according to the Stamford Advocate. Last year, SPM sued Mr. Kong, after he took a job with John Burbank’s Passport Capital, for violating a non-compete clause. In response, Kong counter sued SPM demanding compensation for his a cut of the performance fees that he generated while managing portfolios at SPM.

Now that a settlement between the two parties has been reached, Jeffrey Kong has officially joined Passport Capital as a portfolio manager. Mr. Kong has 25 years of experience trading and evaluating mortgage-backed securities. SPM specializes in the mortgage backed securities, while Passport Capital’s investment portfolios span multiple industries, asset classes, market capitalizations and geographies.
For Detailed Investor Profiles on these Investors, click below:
Passport Capital LLC
Related People: Andrew Seligson; Edward Bozaan; Ejnar Knudsen*; Florence Eid*; Jim Cunningham; John Burbank III; John Moran; John Woodberry*; Neil Adshead*; Seth Spaldingl; Walther Lovato
Related Entities: Passport Capital Rig; Passport Energy; Passport Europe Ltd; Passport India Investments; Passport Management; Passport Master; Passport Materials; Passport Special Opportunities
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

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