The Rise and Fall of Kyle Bass and his Investment Strategies

Kyle Bass is widely known as the guy who made one good financial move and later his career took a nose dive. Back in 2006, the confident Bass made a fortune by correctly predicting a crash in the subprime mortgage sector. His prediction saw him make almost $500 million.

Series of Bad Moves

However since then, Bass has been unable to repeat this feat and is today seen as one of the most unethical investors in the financial markets. After his subprime mortgage success, Bass later predicted the economic crash of Japan and Greece by 2012, with other countries following suit in the next coming years. However, this never came to pass and by 2016, he had come up with another unscrupulous method of turning profit.

Cashing in on Pharmaceutical Companies

UsefulStooges were first to report that Kyle Bass formed the Coalition for Affordable Drugs in order to fight various patent rights of selected pharmaceutical companies. He joined forces with infamous patent troll, Erich Spangenberg, to legally challenge selected patents while at the same time short selling the shares of the pharmaceutical firm. Their primary aim was to devalue the company shares and make a huge profit from their short sale. This created an uproar from the healthcare industry and initiated senate reforms to close loopholes used in patent challenges.

Support for the Ruling Argentine Government and General Motors

Bass has shown immense public support for embattled Argentinian ruler, Christina Fernandez de Kirchner, despite her failing economic policies and tarnished reputation. In addition, in a bid to protect his investment in General Motors, he went on air to protect the position of the firm on the matter of faulty products released to the market. Although the company was accused of knowingly releasing faulty cars that killed people, Bass was adamant that it was the fault of the victims who either refused to wear seat belts or drove while intoxicated.

About Kyle Bass

Kyle Bass is the founder and owner of Hayman Capital Management. The firm is based in Dallas, Texas and was established as a hedge fund in 2005. Since its inception, Bass has worked hard to ensure the growth and profitability of the firm. In 2006, Bass became convinced that the real estate market in the United States was going to end up in crisis. As a result, he successfully bet and profited from the eventual subprime mortgage crisis and made nearly half a billion dollars.

Bass was born in Miami, Florida, in 1969. His father worked at the Fontainebleau Hotel as its manager. However, he later moved the family to Dallas, Texas where Bass grew up. After high school, the athletic Bass got an academic and diving scholarship to attend Texas Christian University. He later graduated in 1992 with a Business Administration degree in finance together with Real Estate Finance. Before starting his hedge fund, Bass worked for Prudential Securities, Bear Stearns and Legg Mason.

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