Dallas-based hedge fund manager Kyle Bass has been asked to be a speaker at the upcoming Vanity Fair New Establishment Summit, which will be held at San Francisco’s Yerba Buena Center for the Arts. The Summit is presented by Conde Nast and the Aspen Institute. Bass will join Amazon C.E.O., Jeff Bezos, best-selling author Walter Isaacson, co-founder of the Chan-Zuckerberg Initiative, Priscilla Chan, Chobani CEO, Hamdi Ulukaya, U.S. secretary of the interior, Sally Jewell, and Eddy Cue, Apple’s senior vice-president as a guest speaker.
Bass is often asked to speak about the economy and financial news, but he is also asked to speak about politics and an assortment of other issues that don’t really fall into his wheelhouse. But that doesn’t faze Kyle Bass, despite what UsefulStooges.com writes about him. Bass likes the limelight and the Vanity Fair Summit is another venue to keep Mr. Bass in the public’s eye. But over the last eight years, Kyle has made some questionable choices. He’s not the same person that made a fortune betting that the subprime mortgage industry would fall apart in 2008. He’s not the same guy that bet that the European Union would have to bail Greece out of their financial debacle, either. Bass has stepped on several important toes in the financial industry, and he has made himself look bad in the public’s eye.
When Argentina defaulted on debt bonds a few years ago and left four hedge funds holding a lot of worthless paper, Kyle Bass, the hedge fund manager of Hayman Capital, blame the hedge funds for trying to take advantage of the people of Argentina. When General Motors installed steering devices that malfunction and caused the deaths of the drivers of those vehicles, Kyle Bass blamed the victims, not General Motors. Hayman Capital’s hedge fund was the largest shareholder in GM at the time.
The most recent news about Bass is his bet that drug stocks will drop when his partner, Eric Spangenberg, brings allegations about pharmaceutical companies overcharging for life-saving drugs.