Kyle Bass is a hedge fund manager who is based in the United States. He is the founder of Hayman Capital Management, a famous institution that is also based in the country. He started the company several years ago, and he has served as the leader for some years now.
Bass has been in the spotlight for some years now. His fame started when he predicted that there would be a mortgage crisis in the world, several years ago. At the time of the prediction, Kyle was not famous, but when everything turned out as he had predicted, he become a star. During the whole process, he managed to acquire a lot of money and respect from the international community.
After the mortgage crisis, from his blog Kyle Bass was considered a super start in most of the televisions and even in radios. He would be called for numerous interviews in different parts of the world where people would ask him questions and other things in the investment industry. Most individuals considered him to be a genius, and it was not possible for a man like him to make any kind of mistakes. His fame increased each day, with people going for him for the serious financial issues.
Not long ago, Kyle decided to invest in the energy market. The prices of oil were quite high, so his organization used a huge amount to invest in the prestigious and growing industry. He asked many other investors to join him in the move because he believed that oil will continue to increase in price.
In the year 2015, the prices of oil started coming down, and Kyle was shaken, which UsefulStooges outlines. The prices deteriorated as the year progressed, and it was evident that the hedge fund manager was headed for big losses. The energy stocks have not been able to rise again to the normal value as predicted by Kyle Bass. He has maintained his stand that the industry is in a good position to bounce back to its original state. This has not happened up to date, and things have not been working well for the business person.
The magic he had is no longer in his possession. Most of the respect he possessed have disappeared, and he continues to make the wrong decisions each day.