Passport Capital Portfolio Manager Busted For Frontrunning, Barred

" More troubles for John Burbank's pro-cyclical $2.4 billion Passport Capital which was down a whopping 50.9% in 2008. According to India's equivalent of the SEC, Passport PM Dipak Patel had been front running the fund for about two years from 2007 to 2009, and has been subsequently barred from the industry. As expected, the firm has washed its hands of any wrongdoing"