Kyle Bass Rips John Paulson and Seth Klarman

famous hedge fund manager kyle bassKyle Bass a $2 billion hedge fund manager, rips John Paulson and Seth Klarman.  Bass, correctly predicted the subprime debt crisis. Additionally , Bass has thinks Japan and Greece are “doomed” due to the high level of debt relative to GDP.

He thinks the little guys are getting ripped off at the expense of large hedge fund managers like Paulson and Klarman. As I reported yesterday on Guru Focus in an article titled John Paulson is No One Hit Wonder; John Paulson stands to make a killing of Lehman Brothers bonds, which he bought at an average price of 13 cents on the dollar.

Bass in a recent shareholder letter, stated (h/t to Business Insider)

These elite hedge funds [Baupost and Paulson] appear to have a very cozy relationship with the restructuring advisor in this case [the case of Lehman]. They have no doubt worked together in the past and have expectations to work together in the future. We can only speculate as to why they believe they are entitled to bend and possibly break the long established expectation of seniority that comes with purchasing senior bonds.

Below is the video:

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)






About the Author

Sheeraz Raza
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com

Be the first to comment on "Kyle Bass Rips John Paulson and Seth Klarman"

Leave a comment