Kyle Bass

Kyle Bass

Last Update: 2014-11-14

Number of Stocks: 12
Number of New Stocks: 1

Total Value: $990 Mil
Q/Q Turnover: 10%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Kyle Bass' s Profile & Performance

Profile

Kyle is the Managing Member and Principal of Hayman Capital Management’s general partner, formed in December 2005. Hayman Capital Management serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.

Mr. Bass is well known for his prescient investment analysis of the subprime crisis. In September 2007, he appeared as an expert witness before the House of Representatives Financial Services Capital Markets Subcommittee and in 2010, he appeared as a Financial Market Participant before the Financial Crisis Inquiry Commission, a bi-partisan 10-member panel established by Congress to examine the causes of the financial crisis. He is on the Board of Directors for The University of Texas Investment Management Co. ($16 billion AUM) and is a founding member of the Serengeti Asset Management Advisory Board.

Prior to forming Hayman Advisors, Mr. Bass worked as a Senior Managing Director at Bear, Stearns & Co., and as a Managing Director at Legg Mason, Inc. Mr. Bass graduated with honors with a Bachelor of Business Administration from Texas Christian University.
Kyle Bass makes bold bets according to his view on macro economics. He made a fortune in 2007 by betting against sub-prime CDOs.

Total Holding History

Top Ranked Articles

Meet New Guru Kyle Bass Whose Firm Returned 340% in First Four Years
New Guru Kyle Bass co-founded Dallas-based Hayman Woods in 2005 with $10 million of his own money. Previously, he worked as Senior Managing Director at Bear, Stearns & Co., and as a Managing Director at Legg Mason Inc. His fund returned 340% net of all fees in the first four years since inception, including a 216% return in 2007 when he correctly foresaw the downfall of the U.S. sub-prime mortgage market, and a 6% return in 2008, when most investors lost. Read more...
Kyle Bass Interview with BBC on European Debt Mess – Part 2
Kyle Bass Speaking at the Darden School of Business
Bearish Kyle Bass Buys Index Put; Sells out Long Positions
Hedge fund manage Kyle Bass just reported his fourth quarter portfolio. He sold out almost all of his long positions and bought large positions of index put to his portfolio. His portfolio move is very bearish. Is he seeing something that others cannot see as the market continues to make new highs? Read more...
Kyle Bass Interview With BBC On European Debt Mess – Part 1
» More Kyle Bass Articles

Commentaries and Stories

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Kyle Bass - Only Massive Debt Restructuring Can Save The EU Kyle Bass - Kyle Bass - Only Massive Debt Restructuring Can Save The EU
He made a killing from the 2008 financial crisis by betting against the right financial instruments. He made a killing betting against Greece's bonds before the world knew that there was a European debt crisis. More...

kyle bass, europe


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Interview With Hedge Fund Manager Kyle Bass – Still Likes GM, Sees More Macro Volatility Kyle Bass - Interview With Hedge Fund Manager Kyle Bass – Still Likes GM, Sees More Macro Volatility
Kyle Bass (Trades, Portfolio) is one of the most celebrated hedge fund managers of the past decade. More...

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Kyle Bass Buys Herbalife, American Airlines, 5 Others in Q1 Kyle Bass - Kyle Bass Buys Herbalife, American Airlines, 5 Others In Q1
Kyle Bass (Trades, Portfolio) is founder and managing member of Dallas-based Hayman Capital Management, where he bet correctly against the U.S. subprime crisis and invests primarily using his analysis of macro economics and companies in unusual situations. In the first quarter he turned over half of his portfolio, adding seven new holdings to list 26 stocks in total. At quarter end the top sectors represented in his portfolio were Consumer Cycalical at 26.8%, Communication Services at 18.6% and Energy at 15.2%. More...

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Hayman Global (Kyle Bass) Presentation - Global Outlook Pitfalls and Opportunities for 2014
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Hayman's Kyle Bass Discusses Japanese Sell-Off, GM
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Kyle Bass Makes Contrarian Bet on Nationstar Mortgage Kyle Bass - Kyle Bass Makes Contrarian Bet On Nationstar Mortgage
Kyle Bass (Trades, Portfolio) of management firm Hayman Advisors often takes large positions in companies facing temporary setbacks or another unusual event but that have potential for future growth. His most recent play involves Nationstar Mortgage Holdings Inc. (NSM), which he recently increased. More...

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Kyle Bass and Paul Singer Top Guru Buys of the Week Kyle Bass,Paul Singer - Kyle Bass And Paul Singer Top Guru Buys Of The Week
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases and buys in Real Time activity from Kyle Bass (Trades, Portfolio) and Paul Singer (Trades, Portfolio). More...

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Kyle Bass Thinks that a Nonbank Mortgage Servicer Is More Effective than Banks
Kyle Bass (Trades, Portfolio) is the Managing Member and Principal of Hayman Advisors LP’s general partner and is well-known for his analysis of the subprime crisis. On Mar. 13, he added Nationstar Mortgage Holdings Inc. (NSM) at an average price of $31.97 and currently holds 4,759,610 shares of the stock with a current value of $156 million in his portfolio. More...

LONG, FINANCE, MORTGAGE, BANKS, SERVICES


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Kyle Bass Discusses GM and Political Machinations
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Kyle Bass of Hayman Capital Talks About Merit of Nationstar Mortgage, Increased Stake
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Larger-than-Life Kyle Bass - Top Yields
Looking through a kaleidoscope of facts about J. Kyle Bass, this guru quickly takes on a colorful and larger-than-life mythos. Hailing from the big-thinking state of Texas, Bass is often described as a big dreamer with a studious and practical streak. His career blossomed almost overnight when he reportedly made around a half a billion dollars betting against subprime CDOs in 2007. Bass comes across as a visionary who asks why not instead of why. He told CNBC that he likes to reduce email time and cut out the noise by learning about world markets through symbiotic relationships with friends like Alan Fournier and other billionaires. Every year Bass invites his notable friends to his ranch in Larue, Texas, for a special event called The Barefoot Economic Summit, Texas (BEST). Bass said he learns more in two days of the summit than in two months of emails. More...

REIT – RESIDENTIAL, TELECOM SERVICES, SOFTWARE – INFRASTRUCTURE


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Mauldin Economics Interviews Kyle Bass
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Kyle Bass Discusses His New Investment in GM and the Outlook For Herbalife
Kyle Bass has just unveiled a new position in GM (GM). He believes that the stock could increase by 40% in fairly short order. The catalyst for the near term rise will be the US Treasury finishing selling the last of its share in the company. Bass thinks that a 25% increase in GM could happen within weeks. Why should we listen to Bass? Because he made half a billion shorting the housing bubble while managing a fairly small hedge fund. Enjoy the video: More...

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Don't Mess with Texas - An Interview with Kyle Bass
Kyle Bass lived in relative obscurity until 2007, when he burst on the global hedge fund scene with a huge bet on subprime mortgages. Some might argue that outsized bets befit his Texan origins. But everything Bass does seems larger than life and goes against the conventional tide. Bass is an outlier by any stretch of the imagination. Born in Miami, Florida, he was raised in Dallas, Texas and attended Texas Christian University in Fort Worth. Following a brief stint at Prudential Securities, he joined the Dallas office of Bear Stearns on the retail side of the business, not exactly the epicenter of global finance. Nevertheless, he became a senior managing director at 28, before leaving to run Legg Mason’s Dallas office. It’s been an inside joke on Wall Street for years that getting assigned to do “equities in Dallas” was the most dreaded spot for anyone in an investment bank’s training program. But toiling away in Dallas, far from the bars of New York where everyone else was talking about their views and positions, gave Bass exactly the kind of removed perspective he needed in order to see what might be the biggest trade in history. Fast-forward to today and few coming out of Harvard or Yale want to sign up for an investment bank training program in the first place. With the Volcker Rule and Dodd-Frank legislation, the free-wheeling days of yore are gone forever, and with them the entire model of investment banking has changed. Equities in Dallas, or more specifically, an institutional quality hedge fund in Dallas is indeed the place to be. Bass started Hayman Capital Management in 2005, something he had planned from his early days in the business. Although at the time this surely must have seemed crazy, with hindsight his timing was impeccable, as a small, Dallas-based hedge fund proved the perfect vantage from which to see the world with perfect clarity. Early in his career, Bass focused across a range of products and instruments – not just equities – looking up and down company capital structures to determine the best way to express trades. His trades ranged from highly liquid expressions to more special situations, all of which were impacted by broader macro forces. This interview was first conceived at the Barefoot Economic Summit, which I first attended in 2011 at Kyle’s ranch. Always the value investor, Bass is quick to note that he and some friends bought it at a very distressed price in the dark days of early 2009. The Barefoot Economic Summit, Texas (BEST) is a surreal mix of some of the most powerful hedge fund managers, investors, academics, pundits, Special Forces personnel, and other assorted characters. Macro managers tend to be a pessimistic bunch, and the Barefoot gathering is no exception. But if the end of the world were to be ushered in, Kyle might well come out the lone survivor. If something bad happens, Kyle is ready, and this is exactly how he runs Hayman Capital Management. Bass might have come from relative obscurity, but he is now projecting raw power, something to which his numerous appearances in global media since his famous subprime trade would attest. After making a ton of money on the subprime trade, he more recently has moved his sights to Japan, which he says is an economic disaster. He isn’t going in guns blazing on this one, however. Instead, he is structuring his bets against the Japanese bond market to minimize the costs of waiting for the big payday, which he concedes could take a while. We conducted this interview at Hayman Capital Management’s Dallas offices, where Bass is building a budding hedge fund empire. Bass is a big thinker hailing from a land of big thoughts and big dreams. The world he paints is a precarious one – but one would be foolish not to listen to what he has to say. How did you wind up running your own hedge fund here in Dallas? After undergrad, I took a sell side job at Prudential in their training program, but after about 18 months, I quickly figured out that retail was not where I wanted to be. I called up the guy that ran Bear Stearns’ office in Dallas, which at the time was the most entrepreneurial firm. If someone wasn’t covered anywhere in the world at Bear Stearns, you could cover them – there were no geographical limitations. They took me on right away, and I started working with event-driven funds on investment strategy. Continue reading here. More...

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University of Virginia Energy Panel - Moderated by Hedge Fund Manager Kyle Bass
Kyle Bass moderated a panel that consisted of three investors well versed in the energy sector. The topic of the day is the oil and gas renaissance that has taken place over the last seven years in the U.S. Will natural gas prices ever rebound? Will the U.S. and North America become energy independent? Can the wild difference between oil and gas prices on a BTU equivalency continue? Find out where these energy gurus are investing today: More...

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Kyle Bass' Last Bet
Kyle Bass, the founder of Hayman Advisors, and one of the few managers who made a fortune betting against assets related to U.S. sub-prime mortgages, is now betting on Argentinean assets. According to his own words, “Argentina’s problems can be fixed in two years and now is the time to start investing.” Until now he has been right. Argentina's main stock index – the Merval – is up by 50% year to date. More...

LONG, ARGENTINA


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Kyle Bass’ Top Five Third Quarter Stocks Kyle Bass - Kyle Bass’ Top Five Third Quarter Stocks
Kyle Bass is the founder as well as principal of Hayman Capital Management, a Dallas-based hedge fund. The guru is known for successfully predicting and benefiting from the subprime mortgage crisis as well as for his prediction of the European sovereign-debt crisis and his expectations for Japan’s economic future. More...

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Third Quarter Action on S&P Gainers Diamond Hill Capital,Kyle Bass - Third Quarter Action On S&P Gainers
Year to date, Prudential Financial Inc. (PRU) is up 55% and Transocean Ltd. (RIG) is up 15%. J.C. Penney Co. Inc. (JCP), while it is down 61%, just reported evidence of a long-awaited turnaround in sales, with the first positive spike since 2011. More...

INSURANCE – LIFE, OIL & GAS DRILLING, DEPARTMENT STORES


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Hedge Fund Star Kyle Bass - Stocks Are the Only Game in Town
Financial Sense conducted an interview with hedge fund star Kyle Bass: More...

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