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Home Gossip Kyle Bass: 'Everyone has terrible periods. I had no idea oil price would fall so low'

Kyle Bass: 'Everyone has terrible periods. I had no idea oil price would fall so low'

Sabnam Bhandari Sat Jun, 2016
Kyle Bass: 'Everyone has terrible periods. I had no idea oil price would fall so low'

"Everyone has terrible periods," Kyle Bass said in an Interview. He had no idea oil price would fall so low and he wasn't as lucky with the oil burst. He began buying shares of oil producers like Concho Resources Inc. and Whiting Petroleum Corp. It was a big mistake and perhaps Kyle's worst streak since he launched Hayman Capital Management LP a decade ago. 

Hayman main fund is down about 7% so far this year, well short of the 1.3% gain for the S&P 500. Bass said we pushed back on his full storage concerns and were right on that on a representative for Mr. Pickens.

Bass penchant for publicity adopting big, contrarian positions has made him one of Wall Street's most scrutinized investors. General Electric Co., plans investments worth at least $1.4 billion in Saudi Arabia as the kingdom seeks to reduce its oil dependence and also plans to team up with the Saudi state-owned oil company to build a $400 million manufacturing facility for the energy and marine sector. Bass is of 46 age and was born in Miami, Florida. He is known for his pessimistic views on the global economy and for accurate bets on different asset classes. 

Bass graduated from Texas Christian University with a B.A. in Finance and Real Estate Finance in 1992 and also a member of the board of directors of the University of Texas Investment Management Co. His Hayman Advisor fund net worth is $723 million.

We cannot find much about his personal life. Probably, he doesn't have any affairs, girlfriend. For all that we know, he might be married or is in a relationship. Rumors might be going around but none of those information are official.

Recently he has been shorting Asian currencies, including the Chinese yuan and the Hong kong dollar. The BBC has described he has a good relationship with Cristina Fernandez de Kirchner of Argentina's president. 

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