Kyle Bass is a Dallas based fund manager. He founded his own fund, Hayman Capital Management, in 2006. Within two years, Bass became so successful because he was able to correctly predict the financial markets in time. This allowed him to make correct judgment calls that earned him his fortune. In 2008, Bass correctly predicted the subprime mortgage crisis that hit right around the time the United States economy went into recession.
This earned Bass superstar status in the hedge fund management industry. Many observers were of the opinion that he was good at what he did and made all the right calls that have allowed him to pile up a huge fortune for himself and his clients. However, as time went by, Bass begun making bad judgment calls that really cost him his superstar status as well as his profits.
Dismal Hedge Fund Performance
Bass begun a series of bad predictions and investments that has seen his fund performance topple while other funds racked in huge profits. It is reported that as of 2014, Hayman Capital Management lost nearly 30 percent, a mirror opposite of other high performing hedge funds. However, Bass still expresses optimism that the tide will turn around soon.
An Unsavory Alliance
Bass has time and time again supported the economic policies of Argentina’s Christina Fernandez de Kirchner. Despite the leader’s questionable fiscal and economic policies that are seen to have brought the once vibrant economy to its knees, Bass still supports the leader publicly. He has gone further to make several public appearances to defend Kirchner even after her country again defaulted on its debt making it the second default in 13 years. Bass attempted to defend the act by blaming the creditors.
Take on General Motors Fatalities
When General Motors were accused of knowingly releasing vehicles with faulty power steering and non-deploying air bags, Bass defended the company in public so as to secure his investment in the company. This is despite the vehicles causing several fatalities. Instead, Bass attacked the victims, on national television, saying that they were either drunk or failed to use their seatbelts.
Involvement in Pharmaceutical Scheme
A while back, Bass together with Erich Spangenberg devised a scheme that saw them make huge profits at the expense of pharmaceutical companies. They identified certain firms, short sold their stock, challenged some of their patents in a bid to reduce their stock prices and later they made millions in profits. This forced many companies to abandon funding medical research. This action led congress to close the loophole they used to pull of the act.
However, he still continues to make questionable decisions like supporting the Buenos Aires government and investing in oil.
OrganoGold is the brain child of Bernardo Chua. As the owner and founder of the company, he originally traveled the world and during his travels experienced some truly amazing beverages around the world. He was taken back by how many quality products were available outside of the United States yet not offered in the U.S. This is namely true with beverages. He has found that most beverages within the United States are now especially sweet and contain far too much sugar. The products, which might have started off desirable, now contains so much sweet elements to the beverages it no longer is healthy for those to drink. That is exactly why Bernardo decided to create his own beverage company in order to provide quality products to the rest of the world. This way, for individuals who are tired of just drinking sweet beverages every single day, there is a new option and one that is able to provide a quality offering that not only is healthy but comes with substantial health benefits.
Bernardo and OrganoGold focus on three main areas of beverage: coffee, tea and chocolate. When looking at offerings within the U.S., most people would agree there is a large abundance of sweetness injected into the products. Hot chocolate is made with milk chocolate, which has a large amount of sweetener added to it in order to make up for the more bitter flavor of chocolate. This is especially true with coffee. Even “black” coffee now contains flavored beans that have been soaked in a sweetener. Bernardo has a selection of products that provide a delicious and healthy option for those individuals who want the alternative. Bernardo talks what the brand has to offer on Facebook all the time.
There are several different coffee flavors available from the company. The coffee offerings are the best selling products form OrganoGold. There is the traditional Black coffee, although this actually is black. It is a strong flavored coffee that is designed for the true coffee lover out there. Naturally, not all coffee beans taste the same, so finding the right kind of coffee bean is important. Beyond all of this, there is the cafe latte offering, which has a more mellow taste, and then the cafe mocha, which comes with a hint of chocolate at the end. Check out this speech from Bernardo Chua to his employees for better insight into what motivates the man and his company.
Argentina looks forward to some big changes as noted in a recent Bloomberg article. The country now seeks to sell off its debt and gear themselves toward brighter futures as the investors come in. One such corporation, Highland Capital Management, hopes to hit it big by helping the once struggling country. For Argentina and Highland Capital Management this endeavor could bring big things for both parties.
Bloomberg’s March article
, details Argentina’s work in moving back to international markets. Hoping to sell off their debt to investors, this maneuver could pose several long term interests for these companies. Highland Capital Management will earn six percent from purchasing Argentina’s debt.
is an innovator and entrepreneur with over 30 years of experience in the business field. Jim is a graduate of the University of Virginia who majored in business finances. A certified analyst, Jim began his career
in the mid-80s working for American Express. In later years, his career spanned other companies and ventures, producing an illustrious portfolio of work.
In 1993 James Dondero co-founded Highland Capital Management
. Using his 30 years of experience Jim utilized the use of Collateral Loan Obligation
. 20 billion dollars in asset strong, Highland Capital Management is a leader in the business sector.
Despite falling into financial troubles, Argentina now looks to finally come back into the international markets. With the help of Highland Capital Management and other investors, Argentina is bound to have its debt offset. Looking to the future, James Dondero sees big prospects
in helping the country pay off the debt and working together in the long term.