Passport Capital, LLC (San Francisco)

Name: Passport Capital, LLC
Address: 1 Letterman Drive, San Francisco, CA, 94129
Telephone: 415-321-4600

Passport Capital, LLC is a large advisory firm based in San Francisco. It manages $283.45 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Passport Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Passport Capital: assets under management

The assets under management (AUM) of Passport Capital, LLC is $283.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $159.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $283.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.43 million each.

Passport Capital has custody of $283.45 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Passport Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Paul Moran serves?

The only and largest group of clients of John Paul Moran is pooled investment vehicles with 7 clients and $283.45 million of assets under management. Among the 7 most similar advisory firms, Passport Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $283.45 million for 7 clients. 29% of the firm’s clients are foreign persons or businesses.

Passport Capital also advises several private funds. Namely, two hedge funds, one other private fund, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Passport Capital, LLC

The company employs 19 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Paul Moran has been acting as President since 1 Dec 2011. Julie Kim joined the executive team most recently as the General Counsel And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Howard Burbank	Managing member and chief investment officer	1 May 2000	75% - 100%	5022486
Joanne Poile	Chief operating officer	1 Jul 2004	Other	2572116
Joanne Cormican	Chief financial officer, chief compliance officer	1 Jul 2004	Other	2572116
James Joseph Cunningham	Greater than 5% member of llc and portfolio manager	1 Dec 2007	Other	4389406
William Guy Alberti	General counsel	1 Aug 2008	Other	4521650
John Paul Moran	President	1 Dec 2011	Other	6043191
Elizabeth Ann Mahon	Chief financial officer	1 Dec 2011	Other	6047977
Julie Kim	Chief compliance officer	1 Feb 2015	Other	6457264
Julie Kim	General counsel and chief compliance officer	1 Jan 2017	Other	6457264

Based in San Francisco

The principal office where Passport Capital, LLC performs its advisory services is located at 1 Letterman Drive, San Francisco, CA 94129, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-321-4600 or by fax 415-321-4620. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at passportcapital.com and its LinkedIn profile.