Will The Legacy Of Kyle Bass Be Determined In Lawsuit?

HFA Padded
Mark Melin
Published on
Updated on

Will a lawsuit seeking damages for defamation actually resolve the underlying legal questions in the matter of Hayman Capital vs UDF? On Tuesday, a Dallas County, Texas judge ruled that the lawsuit by United Development Funding (UDF) against hedge fund manager J. Kyle Bass and Hayman Capital, claiming false statements damaged their business, can proceed. The November 2017 suit contends that Bass knowingly misled key UDF business partners, journalists and the public at large so as to destroy the company, profiting to the tune of $60 million. While the charges of slander may seem like a sidebar in a legal…

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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.