Kyle Bass Resource Page Added to ValueWalk


resource page devoted to Kyle Bass page has been added to ValueWalk.

1. I am not going to post everything on Twitter, Facebook etc. The best way to follow me without missing any posts, is through Feedburner/email.

2. I will be adding some new calculators to the site this week . I recently added a mobile site, hope you all like it. More announcements to follow.

Fund Manager Profile: Kris Sidial Of Tail Risk Fund Ambrus Group

invest Southpoint CapitalA decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More

3. I will be adding 1-2 investor resource pages a week.

Below is a partial excerpt followed by link to full page, which can also be found under Value investors -> ->

Brief excerpt below:





“Capitalism without Bankruptcy is like Christianity without Hell-it does not work” – Kyle Bass



Kyle Bass is a Managing Partner at Hayman Capital Partners, LP. In addition, he serves as a mortgage-credit-portfolio advisor to numerous other asset-managing firms and manages over $4 billion of investments in the residential mortgage-backed securities market. Kyle Bass is also a Director of the Asset Backed Securities at Credit Derivatives Users Association. Before launching Hayman Advisors, he constituted the first formal equity office in … Texas at Legg Mason, Inc., where he was the Managing Director of counseling exceptional situation accounts on investments. Before joining Legg Mason, Kyle Bass was on the payroll of Bear Stearns & Co. Inc., where he was one of the youngest Senior Managing Directors in the company’s history. At Bear Stearns, he principally instructed event-driven hedge funds on investment tactics.



2101 Cedar Springs Road
Dallas, Texas 75201, United States

Affiliation: Stifel Nicolaus Capital Markets



Hayman Advisors had 20 securities in its portfolio, which was valued at $588 million on March 31, 2011. The value of Hayman’s portfolio rose dramatically since the previous quarter (4Q2010), when it held 14 stocks valued at approximately $340 million on December 31, 2010. Hayman has sold out on 8 positions and added 14 new positions to its portfolio during the first quarter of 2011. Among the securities it sold, Hayman’s biggest regret was probably Electronic Arts Inc. (ERTS). It held 450,000 shares in the previous quarter valued at $7.3 million. The stock has returned almost 22% since the end of March 2011. The stocks that Bass sold actually outperformed the market since the end of first quarter.

Hayman has been bullish for Royal Bank of Scotland) in the first quarter of 2011, when it increased its long positions in the stock considerably. Luckily, the stock proved Hayman right and gained over 4% in value since March’s end. RBS was recently trading at $13.26 a share.

Among its new positions, Hayman bought a put option of iShares TR Russell 2000 and the value of this put option was nearly 75% of Hayman’s aggregate portfolio value at the end of the first quarter. Hayman made a good bet as the ETF lost 5.5% in value since March 31.

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