John At The Center

Below is the latest investor letter out of John Burbank's hedge fund firm Passport Capital. We'll be taking a look at James Cunningham and Ejnar Knudsen's Agriculture Fund. Since inception on March 1st, 2009, the fund is up 10.3%. They run a concentrated portfolio and some of their largest positions include Imperial Sugar (12% of the fund's NAV), Pilgrim's Pride (5%), CF Industries (10%), and Makhteshim-Agan Industries (8%).

via Hedge Fund Passport Capital: Agriculture Fund Investor Letter ~ market folly.