Vanity Fair magazine has its pulse on the American and International fashion scene and the emerging global culture. If Vanity Fair runs a story on a particular event or person, the event or the person automatically becomes newsworthy. Hedge fund manager, Kyle Bass, has been newsworthy for the past eight or nine years not because he is a fashion maven or he has something to add to the emerging global culture. Kyle Bass is an investor, and he has made enough money to be newsworthy. Bass is the founder of Hayman Capital, a Dallas-based investment firm that specializes in hedge fund investing.
Hedge fund investing is a high-priced sport. The average Joe that has a few thousand to invest isn’t welcome in hedge fund circles. Hedge fund investors have an investment pedigree which means they have millions to invest, and they make more than $1 million a year. Vanity Fair asked Kyle Bass to participate in their upcoming New Establishment Summit because he does handle himself well in front of an audience and he is rich. In the world of this emerging global culture, being rich is worship worthy.
Bass started his investment career like most people start. He worked for a Wall Street bank and earned a couple of million a year making bets that the rest of the world knew nothing about. He knew the subprime mortgage industry was a house of cards, and when he bet the cards would fall, he made millions for himself and his partners. Ever since then, Bass has been on an investment high, and he made millions more, but all that glitters, as they say, isn’t gold. Kyle Bass certainly has acted like “fool’s gold” over the last several years. He got his fellow hedge fund managers upset when he took Argentina’s side when the President defaulted on the country’s debt bonds. He made the American public mad when he said the victims that died because of faulty GM steering mechanism were to blame. Bass was trying to protect his investment in General Motors.
The list of poor decisions continues to plague Bass. His association with a known patent troll that is after drug companies is one of those decisions, and his bet against China may be another. Time will tell, but at the Vanity Fair Summit Bass will be on his best behavior. Read more of the truth about Kyle Bass’ career in the following article: https://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/.