Kyle Bass
| Kyle Bass | |
|---|---|
J. Kyle Bass
|
|
| Born |
September 7, 1969 Miami, Florida |
| Residence | Dallas, Texas, United States |
| Nationality | American |
| Alma mater | Texas Christian University (B.B.A.) |
| Occupation | Founder & Chief Investment Officer, Hedge Fund Manager |
| Known for | Hayman Capital Management, L.P. |
| Board member of | |
J. Kyle Bass (born September 7, 1969) is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global event-driven opportunities.
In 2008, Bass successfully predicted and effectively bet against the U.S. subprime mortgage crisis by purchasing credit default swaps on subprime securities which, in turn, increased in value when the real estate bubble burst.
Bass has made prominent bets on Japan, European sovereign debt and, most recently, China. He has also given his expectations regarding the economic future of Japan and Argentina.
Despite his early success in predicting subprime mortgages, he has received criticism for some of his investments for their performance.
Bass was born on September 7, 1969, in Miami, Florida, where his father managed the Fontainebleau Hotel. His father later moved the family to Dallas, Texas where he managed the Dallas Convention and Visitors Bureau. Bass attended Texas Christian University on an academic and Division I diving scholarship. In 1992, Bass graduated with honors, earning a B.B.A. in finance with a concentration in real estate.
Before founding Hayman Capital Management, L.P. in 2005, Bass briefly worked at Prudential Securities from 1992-1994 before joining Bear Stearns in 1994. At Bear Stearns, he rose through the ranks rapidly, becoming a senior managing director at the age of 28 – among the youngest in the firm's history to carry such a title.
In 2001, he joined Legg Mason, signing a five-year deal to form the firm's first institutional equity office in Texas. Bass told his hiring managers, "In five years and one day, I [will] be launching my own firm." While at Legg Mason, Bass advised hedge funds and other institutional clients on special situation investment strategies.
...
Wikipedia