Kyle Bass warns of Japanese financial collapse...again
January 23, 2013
GAIM 2013: The Hayman founder repeats his bearish thesis; a 250-1 payoff? "I wouldn't sell nuclear holocaust risk in Dallas for one basis point."
Kyle Bass, founder and principal of Hayman Capital Management, repeated his thesis on a coming financial crash in Japan in a presentation at the GAIM USA hedge fund conference in Boca Raton, Fla. yesterday.
Bass said that Hayman, his $1.1 billion Dallas-based macro firm, has bought unspecified options--on Japanese government bonds and yen--with a notional value of nearly $500 billion that offer a potential payoff of more than 250...
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