Kyle Bass: The Genie That Turned Villain


Kyle Bass, the manager at Hedge Fund, has found himself at the receiving end of criticism, as financial institutions continue to rack in losses thanks to his ill-advised decisions and predictions.


The hard economic times experienced by Kyle Bass date back to March 2015. It’s believed that Bass sought advice from none other than the legendary Dallas-based energy guru T. Boone Pickens. It’s thought that Pickens told him that the capacity of energy storage would not be overtaken by the supply of oil domestically. Not to be the one to be outwitted, Bass decided to come up with his “own” price range something that backfired badly on him. Companies which believed him have felt the full force of his wrong predictions.


The Hayman Capital Management Fund owned and managed by Kyle Bass has also fallen pretty badly when compared to the market in general. Financial experts believe that the overall capital fund of the company has hit rock bottom by around 7%. This decrease is well below the previous 1.3% gain in S&P 500 that the company had earlier recorded. If these figures are to be trusted, this will mark the third straight year that the company has recorded losses.


With all of these problems breathing around his neck, Kyle Bass has remained firm on his decision, and it’s not hard to see why. In 2008, Bass successfully made money to a good number of investors by buying credit default swaps during the subprime mortgage crisis. During this time, Brass had successfully predicted the shift in the mortgage market. So when this came to pass, many investors saw Bass as the genie when it came to predicting markets, little did they know what was coming next.


Apart from his wrong decisions based on the oil and energy sector, Kyle has been quoted as saying that the economy of Japan will crush. The funny thing about his “predictions” is the fact that he has been saying so since the year 2010. Six years down the line, the economy of Japan is still growing by ten-folds while his predictions keep turning on him. As time progress and the economic trends change, it will be fascinating to see just what comes of him.

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