Emerging Markets

Firebird Management's Die-Hard Mongolia Bull

Posted on May 16, 2013
01.jpg Photograph by Max Sher for Bloomberg Businessweek

James Passin has at least $130 million in three funds that he oversees for his employer, Firebird Management, a Manhattan firm that specializes in emerging markets. His placements make Firebird one of Mongolia’s largest and most diversified foreign private equity funds. In 2011 the country had the fastest-growing economy in the world. Coal, iron, copper, uranium, silver, fluorite, and many other minerals are in abundance. The estimated value of it all runs into the trillions of dollars.

Pictured, Passin atop a giant statue of Genghis Khan.

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