Passport Executive Garry to Depart $4.4 Billion Hedge Fund Firm

(Reuters) Tim Garry, second-in-command at $4.4 billion hedge fund firm Passport Capital, has decided to leave, according to a letter sent to clients on Thursday morning seen by Reuters.”Given his achievements at Passport, Tim is ready for a role with an increased level of responsibility and will be pursuing new opportunities,” firm founder John Burbank wrote in the letter. “We look forward to supporting Tim in his future endeavors and appreciate his many valuable contributions to Passport.”

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