Opposition trader Kyle Bass

When studying success stories on the stock exchange, one constant axiom can be noticed, which is that in most cases the successes were achieved by those who bought undervalued shares and then controlled their price.
The growth of the economies of the United States and Europe allowed many traders to earn fabulous sums by doing practically nothing, but only holding shares of promising enterprises.

Today this approach is a dead end, but at the same time the bears began to reach the podium.  

Opposition trader Kyle Bass is a great example of a modern bull who has achieved his success by shorting and betting the market.

Kyle Bass was born on September 7, 1969 in Miami, Florida. His family had a good income, since his father was the manager of a large hotel, Fontable.

Later, his father changed his job and became the manager of the largest Texas hotel, so the family had to move to Dallas, where the future guru spent his childhood.

Study and career ladder

After graduating from high school, Kyle Bass received a scholarship for free education at Texas Christian University.

The young man studied very diligently and had great potential, so in 1992, Kyle Bass received a bachelor's degree with honors in financial administration.

After graduating from university, Kyle Bass did not sit his pants for a single day and immediately in 1992 he got a job at the investment company Prudential Securities as an analyst.

This company allowed him to become a stronghold and gain experience, so two years later in 1994, Kyle Bass left the company and took a new, more profitable position at Bear Stearns.

Working in a new place allowed Kyle to fully realize his potential, so he moved up the career ladder very quickly in this company.

At just 28, he was at the top of his game as the firm's chief managing director and the youngest leader in the firm's history.

In 2001, Kyle Bass was lured by Legg Mason to lead and organize the Texas branch.


When Kyle entered into a contract with the company, he made it clear to management that he would leave the company in exactly five years and one day and create his own company. Naturally, management accepted this statement with a smile and the contract was signed for exactly five years.  

When the contract expired, Kyle Bass left the firm and founded his own fund, Hayman Capital Management.

Development of the fund. The deals that brought fame to Kyle Bass

At the time of the creation of the fund, Kyle had a net worth of five million dollars, and the remaining 28 million were provided to him by investors. Kyle specifically conducted a study in which he compared the difficulty of obtaining a mortgage loan in the United States and other European countries.

As it turned out, a kind of mortgage bubble had formed in the United States, since the analysis confirmed that practically insolvent citizens could obtain loans.

Realizing that the inflated soap bubble could soon burst, Kyle Bass began to actively play against the state, selling securities related to mortgage loans, which made it possible to earn millions of dollars.

After his success during the mortgage crisis in the United States, Bass clearly understood that the cause of such crises was the huge external and internal public debt.

Using the same scheme, he predicted a number of defaults in many countries, and also began to actively trade against the Japanese yen, Greece and a number of European countries, arguing that collapse could soon occur, which actually began to come true after the exit of Great Britain.

In addition to positive deals, Kyle Bass also encountered negative moments along the way. So in 2014, Bass’s fund became the largest investor in General Motors, buying more than 8 million shares.

However, a major scandal soon followed regarding the poor human safety of the cars produced by this company, which caused a strong drop in the value of the shares.

To date, Kyle Bass's fund has returned 436 percent, with annual returns never falling below 16 percent.