The world’s greatest investors: Kyle Bass

Kyle Bass made $500m after buying credit default swaps on US subprime mortgage securities in the run up to the financial crisis.

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Kyle Bass was born in 1969 and grew up in Dallas, Texas. He studied business at Texas Christian University, graduating in 1992. He briefly worked at the retail broker Prudential Securities, coming top of his training class, before joining the Dallas office of investment bank Bear Stearns in 1994. Despite being in a low-profile part of the bank, he became a managing director three years later. He then left in 2001 to move to Legg Mason, before leaving in December 2005 to set up his hedge fund, Hayman Capital Management, a few months later.

What is his strategy?

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri