Everest, Passport and Others Reconsider Emerging Markets

Managers are finding that when it comes to emerging market investing, the easy money has already been made.

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Passport founder and CIO John Burbank. Photo: Bloomberg News)

John Burbank III, the founder and CIO of Passport Capital in San Francisco, was once an emerging-markets bull who invested heavily in companies that stood to profit from China’s rapid industrialization.

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