"If such conduct did in fact occur, it took place without Passport's knowledge and contradicted Passport's established policies and procedures," the firm, which manages $2.4 billion, said in a June 5 e-mail.Of course, where there is smoke there is usually fire. Amusingly, Passport generated a return of 219.7% in 2007 - interesting out of that, how much was due to Dipak's highly ethical trades. Passport Capital performance courtesy of Market Folly.
And here is the actual complaint.
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