Hayman Capital Management’s CEO Kyle Bass Wants Less Corporate Taxes And An Increase In Personal Taxes

A lot of people believe hedge fund managers live in a different world. And they are right. Hedge fund managers have developed an investment concept that has made most of them billionaires and Learjet groupies. But hedge funds took a few hits in 2015. The returns that used to be in the double digit category are not producing those returns anymore. Pension funds are moving assets away from hedge funds and finding less riskier investments that produce consistent returns. Not all hedge fund managers are suffering from this investment strategy change. But Kyle Bass, the 2008 wonder boy that bet against the system and won, is feeling a little pressure. The pressure Bass is feeling is not the exit of pension fund partners, but his own senseless choices.

It’s true that Bass made millions from the 2008 market crash and his investment firm, Hayman Capital Management, became an overnight sensation because of that one deal. But in the last ten years Bass has shown his true colors. He is not the magical investment guru some people thought he was. Bass is just another guy that happened to become a billionaire because he saw the potential of taking advantage of people that didn’t understand how the investment game is played.

In a recent interview, Mr. Bass told BusinesInsider.com that the United States may not be part of the global recession that is devouring countries around the planet. Bass also said Hilary Clinton is his personal favorite for president. That’s no surprise. Men like Bass will benefit if Clinton is elected. Bass made it clear that he wants less corporate taxes and an increase in personal taxes. He also say he is not a Donald Trump supporter. Kyle believes Trump does express the views of millions of Americans, but he’s not the right guy to make the necessary changes.

China was another topic that Bass talked about. Hayman Capital is betting millions that the Chinese yuan will lose value in 2016. If he’s right, and many hedge fund investors say he is, Hayman Capital will make billions on that bet.

According to UsefulStooges.com, even though Mr. Bass is still one of the men that investors want to hear from, he still carries a lot of negative baggage around with him. The General Motors airbag issue is part of that baggage.His relationship with Argentina’s President Cristina Fernández de Kirchner is more baggage. Even though Fernández de Kirchner destroyed Argentina’s economy, Bass continued to stand behind her.

One comment

  • Jerry
    September 15, 2016 - 1:13 am | Permalink

    Bass tried to protect his investment in GM by blaming the victims for the airbag and the power steering issues that caused death and injuries to several people. The result of doing thing has made this essay writing service best in providing information about this GM project.

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