San-Francisco based global investment firm Passport Capital reported its fourth quarter returns on Friday. The Passport Global Fund (Class A) was down 7.7% verses +7.3% for the MSCI AC World Index and +11.8% for the S&P 500.

The fund’s YTD performance is down 18.4% with annualized performance of 4.8% over 3 years and 12.5% over 5 years. It has returned 19%