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Behind The Scenes At UDF / Hayman Capital Battle

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Mark Melin
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As Hayman Capital's Kyle Bass basks in the afterglow of the Securities & Exchange Commission’s settlement with United Development Funding (UDF) over fraud charges -- he was short the exchange trade Real Estate Investment Trust (REIT) -- the question is not if the next shoe is going to drop, but when.

[timeless]

Q2 hedge fund letters, conference, scoops etc

Hayman Capital

Bass and Greenlaw could drop the gloves in court

Investors can be assured there will be another shoe to drop. At a minimum, Hayman Capital's leader Bass and UDF’s CEO Hollis Greenlaw will face-off in court, where UDF has alleged defamation against a crusading Hayman. Either that or Greenlaw will...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.