SEC 13F filings, documented subprime trade, Bloomberg
John Kyle Bass is the founder and chief investment officer of Hayman Capital Management, a Dallas-based hedge fund managing approximately $1 billion. Bass is known for his macro-focused investment approach and high-profile geopolitical commentary.
Bass worked at Bear Stearns and Legg Mason before founding Hayman Capital in 2006. He made his name with a spectacularly profitable bet against subprime mortgages in 2007-2008, reportedly generating returns exceeding 200%.
Bass has since made several high-profile macro bets, including positions against Japanese government bonds and the Hong Kong dollar. He is also an outspoken critic of the Chinese government and has been a vocal advocate for pharmaceutical patent challenges through his involvement with the Coalition for Affordable Drugs. His investing style is characterised by high-conviction, concentrated macro positions.