Kyle Bass of Hayman Experts Buys MMR, ATNY, TSRA, Sells RKT, KKR

GuruFocus is glad to announce we have added hedge fund manager Kyle Bass of Hayman Experts into our Listing of Gurus.

Kyle Bass may be the Controlling Member and Principal of Hayman Experts LP’s general partner, created in December 2005. Hayman Experts can serve as an investment manager towards the Hayman Capital Master Fund LP and Japan Macro Possibilities Master Fund LP.

Mr. Bass established fact for his prescient investment research into the subprime crisis. In September 2007, he made an appearance being an expert witness before home of Reps Financial Services Capital Marketplaces Subcommittee as well as in 2010, he made an appearance like a Financial Market Participant prior to the Economic Crisis Inquiry Commission, a bi-partisan 10-member panel established by Congress to look at what causes the economic crisis. He's around the Board of Company directors for that College of Texas Investment Management Co. ($16 billion AUM) and it is a founding person in the Serengeti Resource Management Advisory Board.

Just before developing Hayman Experts, Mr. Bass labored like a Senior Controlling Director at Bear, Stearns & Co., so that as a Controlling Director at Legg Mason, Corporation. Mr. Bass graduated with honors having a Bachelor of economic Administration from Texas Christian College.

Kyle Bass makes bold bets based on his take on macro financial aspects. He earned a lot of money in 2007 by betting against sub-prime CDOs. Read his third quarter letter entitled “Imminent Defaults” here.

Kyle Bass would be a internet seller throughout the 3rd quarter. He bought only a number of positions. He is the owner of 12 stocks only by Sept 30. Fundamental essentials particulars from the buys and sells.

    New Purchases: MMR, ATNY, TSRA,

    Added Positions: IMN,

    Reduced Positions: GMLP, ELNK,

Kyle Bass's Profile

Kyle may be the Controlling Member and Principal of Hayman Experts LP?s general partner, created in December 2005. Hayman Experts can serve as an investment manager towards the Hayman Capital Master Fund LP and Japan Macro Possibilities Master Fund LP.

Mr. Bass established fact for his prescient investment research into the subprime crisis. In September 2007, he made an appearance being an expert witness before home of Reps Financial Services Capital Marketplaces Subcommittee as well as in 2010, he made an appearance like a Financial Market Participant prior to the Economic Crisis Inquiry Commission, a bi-partisan 10-member panel established by Congress to look at what causes the economic crisis. He's around the Board of Company directors for that College of Texas Investment Management Co. ($16 billion AUM) and it is a founding person in the Serengeti Resource Management Advisory Board.

Just before developing Hayman Experts, Mr. Bass labored like a Senior Controlling Director at Bear, Stearns & Co., so that as a Controlling Director at Legg Mason, Corporation. Mr. Bass graduated with honors having a Bachelor of economic Administration from Texas Christian College.

Kyle Bass makes bold bets based on his take on macro financial aspects. He earned a lot of money in 2007 by betting against sub-prime CDOs.

Kyle Bass Biography

J. Kyle Bass, a u . s . states hedge fund manager, might be the Founding father of Hayman Capital. He received extensive coverage inside the financial press for benefiting $590 million by short selling the sub-prime mortgage bond market (via CDO's), before that market crashed.

Bass was produced in Miami, where his father handled the Fontainebleau Hotel, and so the Dallas Convention and site visitors Bureau. He worked with Texas Christian College around the diving and academic scholarship, and graduated getting a BA operating a business Administration.

Bass began use Bear Stearns’ broker inside their Dallas office. He increased being senior controlling director at 28, then left to function the Dallas office of Legg Mason, where he dedicated to the housing marketplace. Bass loved risk-taking hobbies and, in 2002, taken part a $200,000 Porsche from Manhattan to La inside the Gumball 3000 race. Neglecting speed limits and ultizing a helicopter spotter, he won the rally’s “Hottest Wheels” award a minimum of reaching 208 mph

After saving $33 million, Bass founded Hayman Capital in February 2006 just like a "global special situation fund". Bass and also the staff did several days of research to uncover which CDOs were comprised of poor mortgages. Beginning in mid-2006, Bass used leverage short-selling of $4 billion of subprime opportunities for the synthetic CDO market. By December 2007, a wave of house house foreclosures taken the u . s . states, and Bass was featured on Bloomberg TV as developing a fortune “betting in the subprime customer.” Hayman Capital utilized $110 million into $700 million through this short purchase play.

This Season Bass was featured in Michael Lewis's best-selling book Boomerang for purchasing 20 million nickels ($millions of), proclaiming that each 5 cent nickel is actually worth 6.8 cents. Also this season, Bass began a massive position in Greek together with other European sovereign debt through credit default swaps. Media reviews were he could profit around 650 occasions his investment should these nations default by themselves debt obligations.