Not very long ago, J. Kyle Bass was one of the hottest brands in the $2.5 trillion global hedge fund industry. Bass anticipated the disintegration of the nation’s mortgage market in 2008, Greece’s economic demise in 2012 and the massive bond-buying program by the Bank of Japan that began in 2013. Investments based on these insights made a mint for both himself and for clients of his $2-billion-asset Hayman Capital, which has its headquarters in Dallas. His track record of identifying global imbalances and profiting from them catapulted the unflappably confident former bond salesman into stardom and even earned him a passage in best-selling author Michael Lewis’ 2011 book, “Boomerang: The Meltdown Tour.”
Alas, Bass has had a dismal time of it as of late in the land of investment. Suddenly, the former luminary can’t seem to get anything right.
In an exclusive interview with InsideSources, Bass explains his comeback strategy to Jim McTague, a former Barron’s Washington bureau chief.