44 Facts About Kyle Bass

Kyle Bass is an American investor and founder of Conservation Equity Management, a Texas-based private equity firm focused on environmental sustainability.

In 2008, Bass successfully predicted and effectively bet against the US subprime mortgage crisis by purchasing credit default swaps on subprime securities, which, in turn, increased in value when the real estate bubble burst.

Kyle Bass was the recipient of the 2019 Foreign Policy Association Medal for his responsible internationalism.

Kyle Bass is a lifetime member of the Council on Foreign Relations and a founding member of the Committee on the Present Danger.

Kyle Bass is on the advisory board of the China Center at the Hudson Institute, executive advisory board of the George W Bush Presidential Center, and the investment advisory board member to NewEdge Wealth.

Kyle Bass is a boardmember of the Texas Department of Public Safety Foundation, the Texas Wildlife Association Foundation, and The Quad Fund.

Kyle Bass's father, Charles Bass, was a career tourism executive who managed the Fontainebleau Miami Beach Hotel and the Dallas Convention and Visitors Bureau.

Kyle Bass attended Texas Christian University on an academic and Division I diving scholarship, and was a member of Kappa Sigma fraternity at the university from 1989 to 1991.

Kyle Bass worked as a stockbroker in the Dallas office of Bear Stearns in the 1990s.

Kyle Bass identified stocks that appeared to be overvalued or fraudulent from East German shipyards to Texas mortgage lenders.

In December 2005, when Legg Mason sold the portion of the business where he worked, Kyle Bass left Legg Mason and started Hayman Capital Management to serve as the investment manager to a "global special situations" hedge fund that he planned to launch.

In 2007, Kyle Bass testified as an expert witness before the US House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises.

In 2010, Kyle Bass testified before the Financial Crisis Inquiry Commission.

Apart from predicting the housing bust in 2007, Kyle Bass called Greece's economic woes and the devaluation of the Japanese yen a few years later.

Kyle Bass later profited from the call that the Japanese yen would fall with a projected round of monetary stimulus by the Bank of Japan.

Kyle Bass' first Asia-focused fund was the Japan Macro Opportunities Fund.

Kyle Bass earned a return of more than 500 percent shorting the subprime mortgage market in 2007 and profited from a wager against Greek bonds.

Kyle Bass has predicted Greece's economic woes and the devaluation of the Japanese yen.

Kyle Bass first began formulating his subprime strategy after he met with an investment banker from New York while attending a wedding in Spain.

Kyle Bass spent a significant amount of time studying the residential mortgage market and performed research to identify which residential mortgage backed securities composed of low-quality mortgages were most likely to default.

Kyle Bass managed or advised over $4 billion of positions in subprime RMBS.

In December 2007, after a wave of foreclosures had swept across the US, Kyle Bass was featured on Bloomberg TV as making a fortune betting against these subprime securities.

Kyle Bass went as far as predicting that 2012 would be a "doomsday year" for Europe and spoke of a looming breakup of the Eurozone, which, he declared, would lead to defaults in Japan and the United States.

Since 2012, Kyle Bass has predicted a "full blown crisis" in Japan describing its approach to financing debt as a Ponzi scheme similar to Bernie Madoff's investment scam.

Cullen Roche criticized Kyle Bass's Japan analysis in August 2010, noting that Kyle Bass comparing Japan to the EU was an error since their monetary systems are wildly different.

Kyle Bass has been vocal about future calamities stemming from financial meltdown in public appearances.

September 14,2011, Kyle Bass maintained on CNBC that Greece's only way out of its debt mess was a restructuring.

Kyle Bass noted that despite the strife it would bring to Greece, it was the only measure the nation could take.

Kyle Bass added that within a year, all of Europe would be in default as well.

Kyle Bass closed out his position against the Chinese currency in early 2019 when the predicted devaluation of the currency did not occur.

Kyle Bass argued in 2015 that the Chinese banking system was undercapitalized and its foreign reserves would be insufficient in a crisis.

Kyle Bass thinks any trade deal with China must include enforcement mechanisms against intellectual property theft for the US to benefit from it truly.

Kyle Bass argued that China signed a special memorandum of understanding in 2013 that companies don't have to do audits or be Dodd-Frank compliant.

Kyle Bass is against banning or delisting Chinese companies, but he does support them having to meet the same regulations as US companies.

The BBC described Kyle Bass as having a "good relationship" with Argentina's President Cristina Fernandez de Kirchner as of 2014.

In February 2014, Kyle Bass said that Argentine bonds represented a profitable opportunity and called Argentina an "interesting" nation for investments.

Kyle Bass said, "the bonds have since rallied to 73 cents today" in a Bloomberg Television interview with Stephanie Ruhle.

Kyle Bass has attempted to profit from filing and publicizing patent challenges against dubious patents held by big pharmaceutical companies while betting against their shares.

In 2015, Kyle Bass organized the Coalition For Affordable Drugs to challenge patent validity through the Inter partes review process.

Kyle Bass filed a total of 35 patent challenges in collaboration with Erich Spangenberg.

In October 2016, Kyle Bass prevailed in the case, with USPTO invalidating the two Celgene Corp patents related to its cancer drugs Revlimid, Pomalyst, and Thalomid at issue.

On February 8,2020, Kyle Bass had a Twitter disagreement with Hu Xijin; editor of Chinese newspaper Global Times.

Kyle Bass is a staunch rhetorical critic of the Chinese Communist Party and its policies.

Kyle Bass chastised Nike CEO John Donahoe in particular for remarks made during the company's results call with Wall Street analysts.