As Kyle Bass stands over his latest short-selling conquest – United Development Funding (UDF) just settled with the Securities & Exchange Commission over fraud charges and a second shoe could drop as a result of a potential ongoing FBI investigation – what becomes abundantly clear is something not much observed about him. While the now Dallas-based hedge fund manager might perhaps be best known for “predicting” the 2008 financial crisis and placing a macro bet on Japanese bonds, it is not macroeconomic analysis or finding the next Google or Facebook stock pick that drives the man. His career has been focused in large part on investment fraud.
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Q2 hedge fund letters, conference, scoops etc
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