Kyle Bass

Bass was born in Hollywood, Florida,{{Cite web |title=Interview with Kyle Bass |url=https://www.maxraskin.com/interviews/kyle-bass |access-date=2024-12-08 |website=Interviews with Max Raskin |language=en-US}} and graduated from Lamar High School in Arlington, Texas.{{Cite web |author1=MoneyWeek |date=2016-02-26 |title=Kyle Bass: the evangelical Texan predicting Armageddon for China |url=https://moneyweek.com/428532/profile-of-kyle-bass |access-date=2024-04-09 |website=moneyweekuk |language=en |archive-date=23 September 2023 |archive-url=https://web.archive.org/web/20230923200519/https://moneyweek.com/428532/profile-of-kyle-bass |url-status=live }}{{cite news |last1=Goodson |first1=Mark |date=1987-07-22 |title=Lamar graduate earns national recognition with diving skills |work=Fort Worth Star-Telegram |quote=Kyle Bass, a graduate of Lamar High}} His father, Charles Bass, was a career tourism executive who managed the Fontainebleau Miami Beach Hotel and the Dallas Convention and Visitors Bureau.{{cite news |last1=Mason |first1=Todd |date=1977-11-23 |title=Novack's Fontainebleau hopes dying |work=The Miami News |quote="It's been difficult booking conventions," said executive vice president of sales Charles Bass.}}{{cite news |last1=Stauder |first1=Kathleen |date=1984-08-08 |title=Money will flow in Dallas during GOP convention |work=Fort Worth Star-Telegram |quote=Charles Bass, director of the Dallas Convention and Visitors Bureau}}{{cite web |last=Hanley |first=Craig |date=January 21, 2010 |title=Cashing in on Subprime |url=http://www.dmagazine.com/publications/d-magazine/2008/april/cashing-in-on-subprime/ |publisher=D Magazine |access-date=19 July 2016 |archive-date=14 September 2016 |archive-url=https://web.archive.org/web/20160914194051/http://www.dmagazine.com/publications/d-magazine/2008/april/cashing-in-on-subprime/ |url-status=live }}{{Cite web |last=Fisher |first=Daniel |title=The Global Debt Bomb |url=https://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html |access-date=2024-04-09 |website=Forbes |language=en |archive-date=30 July 2017 |archive-url=https://web.archive.org/web/20170730101220/https://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html |url-status=live }} Bass attended Texas Christian University on an academic and Division I diving scholarship, and was a member of Kappa Sigma fraternity at the university from 1989 to 1991.{{cite book |last=Texas Christian University |first=Yearbook |title=The Horned Frog 1990, page 186 |url=https://repository.tcu.edu/handle/116099117/11111 |access-date=8 October 2019 |website=TCU Digital Repository |year=1990 |publisher=TCU Mary Couts Library |archive-date=14 October 2019 |archive-url=https://web.archive.org/web/20191014130154/https://repository.tcu.edu/handle/116099117/11111 |url-status=live }}{{cite book |last=Texas Christian University |first=Yearbook, p |title=The Horned Frog 1991, page 196 |url=https://repository.tcu.edu/handle/116099117/11112 |access-date=8 October 2019 |website=TCU Digital Repository |year=1991 |publisher=TCU Mary Couts Library |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902154840/https://repository.tcu.edu/handle/116099117/11112 |url-status=live }}{{cite book |last=Texas Christian University |first=Yearbook |title=The Horned Frog 1992, page 214 |url=https://repository.tcu.edu/handle/116099117/11113 |access-date=8 October 2019 |website=TCU Digital Repository |year=1992 |publisher=TCU Mary Couts Library |archive-date=8 October 2019 |archive-url=https://web.archive.org/web/20191008074953/https://repository.tcu.edu/handle/116099117/11113 |url-status=live }}{{cite book |last=Texas Christian University |first=Yearbook |title=The Horned Frog 1993, page 217 |url=https://repository.tcu.edu/handle/116099117/11114 |access-date=8 October 2019 |website=TCU Digital Repository |year=1993 |publisher=TCU Mary Couts Burnett Library |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902154842/https://repository.tcu.edu/handle/116099117/11114 |url-status=live }} He graduated with honors in 1992, earning a B.B.A. in finance with a concentration in real estate.{{cite web |date=2015 |title=Kyle Bass – Hayman Capital |url=http://www.octafinance.com/hedge-funds/kyle-bass-hayman-capital/#kyle-bass-biography |archive-url=https://archive.today/20150411212824/http://www.octafinance.com/hedge-funds/kyle-bass-hayman-capital/#kyle-bass-biography |url-status=dead |archive-date=11 April 2015 |website=OctaFinance |publisher=OctaFinance Ltd }}

Bass worked as a stockbroker in the Dallas office of Bear Stearns in the 1990s. He identified stocks that appeared to be overvalued or fraudulent from East German shipyards to Texas mortgage lenders. Once he had enough to launch his fund, he started making bets against subprime mortgages.{{Cite web |title= |url=http://www.johnbudden.com/wp-content/uploads/2014/03/The-New-House-of-Money-Chapter-1-Kyle-Bass.pdf |archive-url=https://web.archive.org/web/20201029114527/http://www.johnbudden.com/wp-content/uploads/2014/03/The-New-House-of-Money-Chapter-1-Kyle-Bass.pdf |archive-date=2020-10-29 |access-date=2022-05-10 }}

Before founding Hayman Capital Management in 2005, Bass briefly worked at Prudential Securities from 1992 to 1994 before joining Bear Stearns in 1994.{{cite web |last=Drobny |first=Steven |date=December 30, 2015 |title=Don't Mess With Texas, An Interview with Kyle Bass |url=http://www.johnbudden.com/wp-content/uploads/2014/03/The-New-House-of-Money-Chapter-1-Kyle-Bass.pdf/ |archive-url=https://web.archive.org/web/20201029114527/http://www.johnbudden.com/wp-content/uploads/2014/03/The-New-House-of-Money-Chapter-1-Kyle-Bass.pdf |url-status=dead |archive-date=29 October 2020 |publisher=The New House of Money}} At Bear Stearns, he rose through the ranks rapidly, becoming a senior managing director at the age of 28 – among the youngest in the firm's history to carry such a title.

In 2001, he joined Legg Mason, signing a five-year deal to form the firm's first institutional equity office in Texas. There, he advised hedge funds and other institutional clients on special situation investment strategies.

In December 2005, when Legg Mason sold the portion of the business where he worked, Bass left Legg Mason and started Hayman Capital Management to serve as the investment manager to a "global special situations" hedge fund that he planned to launch. Bass launched Hayman Capital Management, L.P., with $33 million in assets under management – $5 million he had saved on his own and the balance he had raised from outside investors.

In 2007, Bass testified as an expert witness before the U.S. House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises.{{cite web |title=Letter from Kyle Bass |url=https://udfexposed.com/kyle-bass-letter |website=UDFExposed |access-date=4 October 2022 |archive-date=4 October 2022 |archive-url=https://web.archive.org/web/20221004211325/https://udfexposed.com/kyle-bass-letter |url-status=live }} During his testimony, he addressed: i) the role of credit rating agencies in the structured finance market and ii) policy measures that could be taken to minimize inherent conflicts of interest between rating agencies and issuers.{{cite web |last=Bass |first=Kyle |date=September 27, 2007 |title=Hearing of the Role of Credit Agencies in the Structured Finance Market, Testimony of J. Kyle Bass |url=http://archives.financialservices.house.gov/hearing110/bass.pdf |publisher=House Financial Services Committee |access-date=19 July 2016 |archive-date=7 September 2016 |archive-url=https://web.archive.org/web/20160907045433/http://archives.financialservices.house.gov/hearing110/bass.pdf |url-status=live }}

In 2010, Bass testified before the Financial Crisis Inquiry Commission. During his testimony, he addressed his analysis of the factors that caused the crisis.{{citation needed|date=September 2022}}

From August 2010 to May 2019, Bass was a member of the Board of Directors of the University of Texas/Texas A&M Investment Management Company (UTIMCO), an endowment fund for Texas public universities.{{Cite web |title=Board of Directors |url=https://www.utimco.org/about-utimco/board-of-directors/ |access-date=2022-05-11 |website=UTIMCO |language=en |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902154956/https://www.utimco.org/about-utimco/board-of-directors/ |url-status=live }}{{Cite web |last=Karsh |first=Melissa |title=Kyle Bass Left Texas Endowment Board After Almost a Decade |url=https://www.bqprime.com/markets/kyle-bass-has-left-texas-endowment-board-after-almost-a-decade |access-date=2022-05-11 |website=BQ Prime |date=27 June 2019 |language=en |archive-date=22 May 2022 |archive-url=https://web.archive.org/web/20220522210141/https://www.bqprime.com/markets/kyle-bass-has-left-texas-endowment-board-after-almost-a-decade |url-status=live }}

The flagship fund had a successful year in 2007 and gained 212% based on the subprime mortgage meltdown bet that brought fame to Bass. The fund also gained 16% in 2012 based on Greek debt bets. The long-term performance of Hayman Captal's flagship fund is described by the New York Post as "small caliber." From 2008 to mid-2015, the flagship fund experienced a modest annualized performance of 1.56%. Apart from predicting the housing bust in 2007, Kyle called Greece's economic woes and the devaluation of the Japanese yen a few years later.{{Cite news |last= |first= |date= |title=Kyle Bass, a sharpshooting short-seller |work= |url=https://www.ft.com/content/04a78588-d6ec-11e5-8887-98e7feb46f27 |access-date=30 July 2019 |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730180129/https://www.ft.com/content/04a78588-d6ec-11e5-8887-98e7feb46f27 |url-status=live }} He later profited from the call that the Japanese yen would fall with a projected round of monetary stimulus by the Bank of Japan.{{Cite web |last=DiChristopher |first=Tom |date=2016-02-03 |title=Kyle Bass: China banks months away from 'danger territory' |url=https://www.cnbc.com/2016/02/03/kyle-bass-china-banks-months-away-from-danger-territory.html |access-date=2022-05-13 |website=CNBC |language=en |archive-date=13 May 2022 |archive-url=https://web.archive.org/web/20220513082704/https://www.cnbc.com/2016/02/03/kyle-bass-china-banks-months-away-from-danger-territory.html |url-status=live }}

Bass' first Asia-focused fund was the Japan Macro Opportunities Fund. This fund returned capital to investors after the Japanese yen depreciated 40% from 2012 to 2015. In 2016, he had a knockout with Hayman Capital's Master Fund finishing the year with an estimated net performance of 24.83%. Since Hayman's inception in 2006, the fund has returned 436.75% and an annualized return of 16.7%.{{Cite web |title=Kyle Bass: 'Global markets are at the beginning of a tectonic shift' |url=https://www.yahoo.com/news/kyle-bass-global-markets-are-at-the-beginning-of-a-tectonic-shift-204146265.html |access-date=2022-05-13 |website=www.yahoo.com |date=4 January 2017 |language=en-US |archive-date=13 May 2022 |archive-url=https://web.archive.org/web/20220513082704/https://www.yahoo.com/news/kyle-bass-global-markets-are-at-the-beginning-of-a-tectonic-shift-204146265.html |url-status=live }} Between 2006 and the start of 2017, Hayman delivered an annual return of 16.5% over 11 years. By contrast, the stock market returned 9.4% a year during the same period.{{Cite web |title=The world's greatest investors: Kyle Bass |url=https://moneyweek.com/469582/the-worlds-greatest-investors-kyle-bass |access-date=2022-05-13 |website=MoneyWeek |date=7 July 2017 |language=en |archive-date=13 May 2022 |archive-url=https://web.archive.org/web/20220513082704/https://moneyweek.com/469582/the-worlds-greatest-investors-kyle-bass |url-status=live }}

According to investors, his hedge fund has averaged after-fee returns of 25 per cent a year since 2006.{{Cite web |title=Kyle Bass bets on full-blown Japan crisis |url=https://www.ft.com/content/e2696b86-bd9d-11e2-890a-00144feab7de |access-date=2022-05-13 |website=www.ft.com |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730164640/https://www.ft.com/content/e2696b86-bd9d-11e2-890a-00144feab7de |url-status=live }} He earned a return of more than 500 percent shorting the subprime mortgage market in 2007 and profited from a wager against Greek bonds.{{Cite web |title=Kyle Bass on Why Japan Is Still in Trouble |url=https://www.institutionalinvestor.com/article/b18bkbwqflgffl/kyle-bass-on-why-japan-is-still-in-trouble |access-date=2022-05-13 |website=Institutional Investor |date=16 October 2013 |language=en-gb |archive-date=13 May 2022 |archive-url=https://web.archive.org/web/20220513082704/https://www.institutionalinvestor.com/article/b18bkbwqflgffl/kyle-bass-on-why-japan-is-still-in-trouble |url-status=live }} Bass has also predicted Greece's economic woes and the devaluation of the Japanese yen.{{Cite web |title=Troubled Kyle Bass Reduces Stake in NMI Holdings |url=https://www.yahoo.com/news/troubled-kyle-bass-reduces-stake-174728695.html |access-date=2022-05-13 |website=www.yahoo.com |date=14 October 2016 |language=en-US |archive-date=13 May 2022 |archive-url=https://web.archive.org/web/20220513082705/https://www.yahoo.com/news/troubled-kyle-bass-reduces-stake-174728695.html |url-status=live }}

Bass called 2015 one of his fund's worst years.{{Cite news |last=Foley |first=Stephen |date=February 20, 2016 |title=Kyle Bass, a sharpshooting short-seller |work=Financial Times |url=https://www.ft.com/content/04a78588-d6ec-11e5-8887-98e7feb46f27 |access-date=30 July 2019 |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730180129/https://www.ft.com/content/04a78588-d6ec-11e5-8887-98e7feb46f27 |url-status=live }} By early 2019, Hayman had $423.6 million in discretionary assets under management, down from $2.3 billion at the end of 2014.{{Cite news |last=Bird |first=Julie Steinberg and Mike |date=2019-04-25 |title=Hedge-Fund Honcho Kyle Bass Takes Aim at Hong Kong 'Time Bomb' |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/hedge-fund-honcho-kyle-bass-takes-aim-at-hong-kong-time-bomb-11556185488 |access-date=2022-05-11 |issn=0099-9660 |archive-date=27 November 2019 |archive-url=https://web.archive.org/web/20191127050639/https://www.wsj.com/articles/hedge-fund-honcho-kyle-bass-takes-aim-at-hong-kong-time-bomb-11556185488 |url-status=live }}

Bass first began formulating his subprime strategy after he met with an investment banker from New York while attending a wedding in Spain. They discussed how and why the Subprime Mezzanine CDO business existed.{{cite web |last=Murphy |first=Paul |title=The full subprime letter from Hayman's Kyle Bass |url=http://ftalphaville.ft.com//2007/08/21/6727/the-full-subprime-letter-from-haymans-kyle-bass/ |access-date=22 April 2016 |publisher=FT Alphaville |archive-date=18 June 2016 |archive-url=https://web.archive.org/web/20160618185656/http://ftalphaville.ft.com/2007/08/21/6727/the-full-subprime-letter-from-haymans-kyle-bass/ |url-status=live }}"House of Cards" interview CNBC, 2009 After returning to the US, Bass hired several private investigators to determine the ease of obtaining a mortgage. Bass spent a significant amount of time studying the residential mortgage market and performed research to identify which residential mortgage backed securities (RMBS) composed of low-quality mortgages were most likely to default. This investment thesis was expressed by purchasing credit default swaps against the securitizations he deemed to be most unstable, which essentially was a manner of shorting the bonds using synthetic instruments. After purchasing the positions for his flagship fund in 2006, Bass raised additional capital for a special fund dedicated exclusively to capitalizing on the opportunity that existed in the market place. Bass managed or advised over $4 billion of positions in subprime RMBS.

In December 2007, after a wave of foreclosures had swept across the US, Bass was featured on Bloomberg TV as making a fortune betting against these subprime securities.{{Cite news |date=2007-12-19 |title=Bass Shorted 'God I Hope You're Wrong' Wall Street |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2007-12-19/bass-shorted-god-i-hope-you-re-wrong-wall-street |access-date=2022-05-16 |archive-date=13 June 2021 |archive-url=https://web.archive.org/web/20210613091913/https://www.bloomberg.com/news/articles/2007-12-19/bass-shorted-god-i-hope-you-re-wrong-wall-street |url-status=live }} By forecasting the mortgage market crash, he parlayed $110 million into $700 million alongside his two Subprime Credit Strategies Funds.{{Cite web |title=Cashing in on Subprime |url=https://www.dmagazine.com/publications/d-magazine/2008/april/cashing-in-on-subprime/ |access-date=2022-05-16 |website=D Magazine |date=19 March 2008 |language=en-US |archive-date=8 June 2020 |archive-url=https://web.archive.org/web/20200608034704/https://www.dmagazine.com/publications/d-magazine/2008/april/cashing-in-on-subprime/ |url-status=live }}

After the subprime debt crisis occurred, Bass decided that it was the symptom of a more significant problem with debt and made predictions about debt "doomsday" in Europe and Japan. In 2009 he warned about the possibility of defaults by major countries over the next 3 years.{{cite web |date=15 May 2009 |title=Hayman Capital's Kyle Bass Predicts Sovereign Defaults |url=http://www.marketfolly.com/2009/05/hayman-capitals-kyle-bass-predicts.html |publisher=market folly |access-date=28 January 2016 |archive-date=3 February 2016 |archive-url=https://web.archive.org/web/20160203192443/http://www.marketfolly.com/2009/05/hayman-capitals-kyle-bass-predicts.html |url-status=live }} As of 2010, 10-15% of his portfolio was involved in bets against European and Japanese sovereign debts.{{cite web |date=18 August 2010 |title=Kyle Bass Betting Against Japanese Government Bonds (JGBs) |url=http://www.marketfolly.com/2010/08/kyle-bass-betting-against-japanese.html |publisher=market folly |access-date=28 January 2016 |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902160358/https://www.marketfolly.com/2010/08/kyle-bass-betting-against-japanese.html |url-status=live }} He went as far as predicting that 2012 would be a "doomsday year" for Europe and spoke of a looming breakup of the Eurozone, which, he declared, would lead to defaults in Japan and the United States. He stated in June 2012, "Europe goes first, then Japan and finally the United States."{{cite web |last=Nilsen |first=Sverre Rørvik |date=20 June 2012 |title=Kyle Bass: - This is the formula behind my investments |url=http://e24.no/boers-og-finans/kyle-bass-this-is-the-formula-behind-my-investments/20241891 |publisher=E24 |access-date=28 January 2016 |archive-date=2 February 2016 |archive-url=https://web.archive.org/web/20160202054627/http://e24.no/boers-og-finans/kyle-bass-this-is-the-formula-behind-my-investments/20241891 |url-status=live }}

Since 2012, Bass has also predicted a "full blown crisis" in Japan describing its approach to financing debt as a Ponzi scheme similar to Bernie Madoff's investment scam. Though many experts have disagreed with his analysis.{{cite web |last=Wolinsky |first=Jacob |date=15 May 2012 |title=Kyle Bass' Japan Macro Fund Down 29% for April |url=http://www.valuewalk.com/2012/05/kyle-bass-japan-macro-fund-down-29-for-april/ |publisher=Value Walk}}{{Cite news |date=May 21, 2013 |title=Kyle Bass bets on full-blown Japan crisis |work=Financial Times |url=https://www.ft.com/content/e2696b86-bd9d-11e2-890a-00144feab7de |access-date=30 July 2019 |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730164640/https://www.ft.com/content/e2696b86-bd9d-11e2-890a-00144feab7de |url-status=live }} Renren, Inc., a Chinese company headquartered in the Chaoyang District, Beijing, China invested $80 million in Hayman's Japan Macro Opportunities Offshore Partners, LP, a Cayman Islands exempted limited partnership, between November 2011 and January 2014.{{cite web |last=SEC.gov |first=Filings and Forms |title=Form 20-F, December 31, 2015 |url=https://www.sec.gov/Archives/edgar/data/1509223/000114420416102618/v437342_20f.htm |access-date=14 October 2019 |website=SECURITIES AND EXCHANGE COMMISSION |publisher=Renren, Inc |archive-date=14 October 2019 |archive-url=https://web.archive.org/web/20191014130103/https://www.sec.gov/Archives/edgar/data/1509223/000114420416102618/v437342_20f.htm |url-status=live }} Renren reported that it received capital distributions of $84.0 million and $69.1 million in the years ended December 31, 2014 and 2015, respectively, and disposed of the investment on August 24, 2015. RenRen's investment in Bass’ Japan fund was meant to be beneficial that it represented the overwhelming majority of the public company's profits for the 2-year period and therefore had to be disclosed to the SEC as ‘material’ profits.{{Cite web |title=UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. |url=https://www.sec.gov/Archives/edgar/data/1509223/000114420416102618/v437342_20f.htm |access-date=2023-07-11 |website=www.sec.gov |archive-date=14 October 2019 |archive-url=https://web.archive.org/web/20191014130103/https://www.sec.gov/Archives/edgar/data/1509223/000114420416102618/v437342_20f.htm |url-status=live }}

The Chinese company's investment in Hayman's Japan Macro Opportunities Offshore Partners, LP, required Renren to include the Japan Macro Opportunities Master Fund, LP, audited financials with its Form 20-F filed with the United States Securities & Exchange Commission. The Chinese company included the financials of Hayman's Japan Macro Offshore Partner, LP, as Renren “can exercise significant influence, but not control…”{{cite web |last=Roadmap Series |first=Deloitte’s |title=A Roadmap to SEC Reporting Considerations for Equity Method Investees |url=https://www2.deloitte.com/content/dam/Deloitte/us/Documents/audit/ASC/Roadmaps/us-aers-roadmap-sec-reporting-considerations-equity-method-investees.pdf |archive-url=https://web.archive.org/web/20191014130103/https://www2.deloitte.com/content/dam/Deloitte/us/Documents/audit/ASC/Roadmaps/us-aers-roadmap-sec-reporting-considerations-equity-method-investees.pdf |url-status=dead |archive-date=14 October 2019 |access-date=14 October 2019 |website=Deloitte Official Website |publisher=Deloitte }}

Cullen Roche criticized Bass's Japan analysis in August 2010, noting that Bass comparing Japan to the EU was an error since their monetary systems are wildly different. Roche stated, "people still fail to understand that a nation with monetary sovereignty that is the supplier of currency in a floating exchange rate system never has a problem funding itself."{{cite web |title=THE "KEYNESIAN END POINT"? |url=http://www.pragcap.com/the-keynesian-end-point/ |publisher=Pragmatic Capitalism |access-date=28 January 2016 |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902160418/https://www.pragcap.com/the-keynesian-end-point/ |url-status=live }} In May 2012, Business Insider agreed, faulting Bass's analysis, since debt-to-GDP ratios do not reflect the interest rate or credit risk of a nation. The Business Insider noted that in a nation that borrows its own currency, public spending finances borrowing.{{Cite news |last=Weisenthal |first=Joe |date=20 May 2012 |title=Kyle Bass's Most Famous Trade Is A Disaster, And It Is Never Going To Work Out |publisher=Business Insider |url=http://www.businessinsider.com/japan-is-never-going-to-default-2012-5 |access-date=28 January 2016 |archive-date=3 February 2016 |archive-url=https://web.archive.org/web/20160203183830/http://www.businessinsider.com/japan-is-never-going-to-default-2012-5 |url-status=live }} However, Bass reported in his 2016 Investor Letter, that the Japan Macro Opportunities Fund performed well, stating "Our first Asia-focused fund, the Japan Macro Opportunities Fund, successfully returned capital to investors after the Japanese yen had depreciated approximately 40% from 2012-2015."{{cite web |last=Investor Letter |first=2016 Hayman Capital Letter to Investors |title=Hayman Capital up 24.8% in 2016; Remains Bearish Amid 'Severe Imbalances' in Asian FX Markets- 2016 Letter |url=https://nexchange.com/article/12564 |archive-url=https://web.archive.org/web/20191014125312/https://nexchange.com/article/12564 |archive-date=14 October 2019 |access-date=14 October 2019 |website=Web Archives |publisher=ValueWalk}}

Bass has been vocal about future calamities stemming from financial meltdown in public appearances. September 14, 2011, Bass maintained on CNBC that Greece's only way out of its debt mess was a restructuring. Bass noted that despite the strife it would bring to Greece, it was the only measure the nation could take. He added that within a year, all of Europe would be in default as well.{{Cite news |title=KYLE BASS WITH DAVID FABER - 'GREECE WILL DEFAULT AND IT'S GOING TO BE UGLY FOR EUROPE, GERMANY AND THE U.S.' (17 BAILOUTS FOR 17 EURO NATIONS) |publisher=The Daily Bail |url=http://dailybail.com/home/kyle-bass-with-david-faber-greece-will-default-and-its-going.html |access-date=28 January 2016 |archive-date=1 February 2016 |archive-url=https://web.archive.org/web/20160201182057/http://dailybail.com/home/kyle-bass-with-david-faber-greece-will-default-and-its-going.html |url-status=live }} In a speech reported on January 1, 2014, he assured the audience of his confidence that the next few years would be rife with turmoil, including the eruption of major wars. In his speech, he claimed that with the growing debt and inability to pay it off, eventually, social unrest will lead to violent outbreaks. Bass finished his speech by stating, "War is coming – just as it has throughout history."{{cite web |last=Slavo |first=Mac |date=1 January 2013 |title=Kyle Bass: You Know How This Ends Right? This Ends Through War… |url=http://marketdailynews.com/2013/01/01/kyle-bass-you-know-how-this-ends-right-this-ends-through-war/ |url-status=dead |archive-url=https://web.archive.org/web/20150925024710/http://marketdailynews.com/2013/01/01/kyle-bass-you-know-how-this-ends-right-this-ends-through-war/ |archive-date=25 September 2015 |access-date=28 January 2016 |publisher=Market Daily News}}

In April 2014, Bass was among the few defenders of General Motors for failing to address a defect tied to 13 deaths. He said, “GM is taking the right steps to invest properly in the crisis.” Hayman, at the time, owned eight million shares of GM, making it Hayman's single biggest holding.{{Cite news |last=Stevenson |first=Alexandra |date=15 April 2014 |title=Hedge Fund Manager Makes Lonely Defense of G.M. |publisher=The New York Times DealBook |url=https://dealbook.nytimes.com/2014/04/15/hedge-fund-manager-makes-lonely-defense-of-g-m/?_r=0 |access-date=5 March 2017 |archive-date=5 March 2019 |archive-url=https://web.archive.org/web/20190305062130/https://dealbook.nytimes.com/2014/04/15/hedge-fund-manager-makes-lonely-defense-of-g-m/?_r=0 |url-status=live }} Coming to the defense of GM, Bass said on CNBC that of the 13 passengers who had died owing to the defect, 12 "either weren’t wearing their seat belt or were under the influence of alcohol."{{cite web |last=VW Staff |date=16 April 2014 |title=Kyle Bass Bullish On GM, But Still Thinks Japan A Disaster |url=http://www.valuewalk.com/2014/04/kyle-bass-bullish-gm-still-thinks-japan-disaster/ |publisher=Value Walk}}

Starting in July 2015, Bass made a multiyear bet against the Chinese yuan based on a predicted banking collapse in China.{{Cite news |date=May 14, 2019 |title=Kyle Bass Exits Yuan Short Bet Just as Trade War Really Heats Up |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2019-05-14/kyle-bass-exits-yuan-short-bet-just-as-trade-war-really-heats-up |access-date=30 July 2019 |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902160420/https://www.bloomberg.com/news/articles/2019-05-14/kyle-bass-exits-yuan-short-bet-just-as-trade-war-really-heats-up |url-status=live }} Bass closed out his position against the Chinese currency in early 2019 when the predicted devaluation of the currency did not occur.

Bass argued in 2015 that the Chinese banking system was undercapitalized and its foreign reserves would be insufficient in a crisis. Bass predicted a hard landing for the Chinese economy following a bank crisis and a severe devaluation of the Chinese currency, variously given as "somewhere between 15%-20%" and "30 to 40 percent."{{Cite news |date=October 27, 2015 |title=Kyle Bass on China's looming banking crisis and the U.S. economy |work=Fortune |url=https://fortune.com/2015/10/27/kyle-bass-china-banks/ |access-date=30 July 2019 |archive-date=12 December 2019 |archive-url=https://web.archive.org/web/20191212140433/https://fortune.com/2015/10/27/kyle-bass-china-banks/ |url-status=live }}{{Cite news |date=May 3, 2016 |title=Kyle Bass: Japan will have to be even more unconventional |work=CNBC |url=https://www.cnbc.com/2016/05/03/kyle-bass-japan-will-have-to-be-even-more-unconventional.html |access-date=30 July 2019 |archive-date=14 October 2019 |archive-url=https://web.archive.org/web/20191014130210/https://www.cnbc.com/2016/05/03/kyle-bass-japan-will-have-to-be-even-more-unconventional.html |url-status=live }}

Hayman suffered its worst year in 2017, with a loss of 19% due to the strengthening of the Chinese yuan. Bass thinks any trade deal with China must include enforcement mechanisms against intellectual property theft for the U.S. to benefit from it truly.{{Cite web |last=Imbert |first=Fred |date=2019-03-05 |title=Kyle Bass says trade deal with China must address IP theft: 'They're stealing our game from us' |url=https://www.cnbc.com/2019/03/04/kyle-bass-us-china-trade-deal-needs-to-be-punishable-on-ip-theft.html |access-date=2022-05-23 |website=CNBC |language=en |archive-date=23 May 2022 |archive-url=https://web.archive.org/web/20220523220842/https://www.cnbc.com/2019/03/04/kyle-bass-us-china-trade-deal-needs-to-be-punishable-on-ip-theft.html |url-status=live }} He argued that China signed a special memorandum of understanding in 2013 that companies don't have to do audits or be Dodd-Frank compliant. He is against banning or delisting Chinese companies, but he does support them having to meet the same regulations as U.S. companies.{{Cite web |title=Kyle Bass: Chinese Companies S - GuruFocus.com |url=https://www.gurufocus.com/news/957642/kyle-bass-chinese-companies-should-comply-with-us-laws |access-date=2022-05-23 |website=www.gurufocus.com |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902155422/https://www.gurufocus.com/news/957642/kyle-bass-chinese-companies-should-comply-with-us-laws |url-status=live }} While serving on the Board of UTIMCO in 2018, Bass helped create a set of guidelines compelling its external managers to divest from companies with ties to entities sanctioned by the United States.{{Cite web |last=Shea |first=Paul |date=2013-04-25 |title=Kyle Bass Humbled: University Of Texas Sell Huge Gold Stake |url=https://www.valuewalk.com/kyle-bass-humbled-university-of-texas-sell-huge-gold-stake/,%20https://www.valuewalk.com/kyle-bass-humbled-university-of-texas-sell-huge-gold-stake/ |access-date=2022-05-23 |website=www.valuewalk.com |language=en-US }}{{Dead link|date=December 2024 |bot=InternetArchiveBot |fix-attempted=yes }}

The BBC described Bass as having a "good relationship" with Argentina's President Cristina Fernandez de Kirchner as of 2014.{{Cite web |date=2014-09-02 |title=Los inversores que apuestan por Argentina a pesar del "default" |url=https://www.bbc.com/mundo/noticias/2014/09/140901_economia_argentina_inversores_extranjeros_lav |access-date=2022-05-23 |website=BBC News Mundo |language=es |archive-date=13 July 2020 |archive-url=https://web.archive.org/web/20200713114649/https://www.bbc.com/mundo/noticias/2014/09/140901_economia_argentina_inversores_extranjeros_lav |url-status=live }} In February 2014, Bass said that Argentine bonds represented a profitable opportunity and called Argentina an "interesting" nation for investments. He and other groups of investors sued BNY Mellon for failure in distributing interest on Argentine debt.{{cite news |last1=Porzecanski |first1=Katia |title=Hayman's Bass Says Argentina Bond Trustee Is Failing Investors |url=https://www.bloomberg.com/news/articles/2014-08-25/hayman-s-bass-says-argentina-bond-trustee-is-failing-investors?leadSource=uverify%20wall |website=Bloomberg |date=25 August 2014 |access-date=4 October 2022}} The IB Times noted that the country had "cheated creditors seven times since it gained independence from Spain in 1816," most recently defaulting on its debt in 1989.{{Cite web |date=2014-02-04 |title=US Hedge Fund Hayman Capital Bets on Argentine Bonds Despite Default Risk |url=https://www.ibtimes.co.uk/us-hedge-fund-hyman-capital-bets-argentine-bonds-despite-default-risk-1435113 |access-date=2022-05-23 |website=International Business Times UK |language=en |archive-date=27 June 2020 |archive-url=https://web.archive.org/web/20200627064502/https://www.ibtimes.co.uk/us-hedge-fund-hyman-capital-bets-argentine-bonds-despite-default-risk-1435113 |url-status=live }}

When the Argentine government defaulted on its debt in July 2014, Bass supported the move and criticized the bondholders, notably Elliott Management and Aurelius Capital that, with the support of U.S. federal judge Thomas Griesa, had held out for full payment. Echoing Argentine President Cristina Fernandez de Kirchner, he called these creditors "vultures," said that they were "holding up 42 million people from progress" and were holding Argentina for "ransom."{{Cite web |last=Kelly |first=Kate |date=2014-09-24 |title=Kyle Bass big on Argentina; rips 'immoral' competitors |url=https://www.cnbc.com/2014/09/24/kyle-bass-big-on-argentina-rips-immoral-competitors.html |access-date=2022-05-23 |website=CNBC |language=en |archive-date=12 June 2020 |archive-url=https://web.archive.org/web/20200612102823/https://www.cnbc.com/2014/09/24/kyle-bass-big-on-argentina-rips-immoral-competitors.html |url-status=live }} On August 27, 2014, Bass accused Elliott's Paul Singer of "holding poor countries as hostages," prompting The New York Post to comment in an editorial the next day that Bass had "sounded more like Argentina's leftist economy minister Axel Kicillof than a US hedge-fund manager."{{Cite web |last=Celarier |first=Michelle |date=2014-08-28 |title=Hedgie Kyle Bass crying as Singer, Argy dispute deepens |url=https://nypost.com/2014/08/28/hedgie-kyle-bass-crying-as-singer-argy-dispute-deepens/ |access-date=2022-05-23 |website=New York Post |language=en-US |archive-date=26 June 2020 |archive-url=https://web.archive.org/web/20200626130557/https://nypost.com/2014/08/28/hedgie-kyle-bass-crying-as-singer-argy-dispute-deepens/ |url-status=live }} Bass' Dallas-based fund, Hayman Capital Management LP, bought Argentina's international bond at 55 cents on the dollar after prices dropped on concern the country would default. Bass said, "the bonds have since rallied to 73 cents today" in a Bloomberg Television interview with Stephanie Ruhle.{{Cite news |date=2013-12-05 |title=Bass's Argentina Bet Reaps 33% Gain on Emerging-Market Favorite |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2013-12-05/bass-s-argentina-bet-reaps-33-gain-on-emerging-market-favorite |access-date=2022-05-23}}

Bass has attempted to profit from filing and publicizing patent challenges against dubious patents held by big pharmaceutical companies while also betting against their shares.{{cite web |last=Walker |first=Joseph |date=April 7, 2015 |title=New Hedge Fund Strategy: Dispute the Patent, Short the Stock |url=https://www.wsj.com/articles/hedge-fund-manager-kyle-bass-challenges-jazz-pharmaceuticals-patent-1428417408 |publisher=Wall Street Journal |access-date=30 July 2019 |archive-date=27 June 2020 |archive-url=https://web.archive.org/web/20200627151851/https://www.wsj.com/articles/hedge-fund-manager-kyle-bass-challenges-jazz-pharmaceuticals-patent-1428417408 |url-status=live }}{{cite news |last=Morgenson |first=Gretchen |date=November 27, 2015 |title=Working to Lower Drug Costs by Challenging Questionable Patents |url=https://www.nytimes.com/2015/11/29/business/working-to-lower-drug-costs-by-challenging-questionable-patents.html?_r=0 |website=The New York Times}} In 2014, Renren, Inc., a Chinese company headquartered in the Chaoyang District, Beijing, China invested $30 million in Bass' pharmaceutical strategy through Hayman Credes Offshore Fund, LP, registered as a Cayman Islands exempted limited partnership and claiming Hayman Offshore Management as its General Partner. Renren reported Hayman Credes Offshore Fund, LP in its SEC filings from 2014 through April 2016 as a principal component of the company's "long-term investments" portfolio.{{cite web |last=SEC.gov |first=Filings and Forms |title=20-F, December 31, 2016 |url=https://www.sec.gov/Archives/edgar/data/1509223/000114420417027564/v464327_20f.htm |access-date=14 October 2019 |website=SECURITIES AND EXCHANGE COMMISSION |publisher=Renren, Inc.}}

Through its investment in Hayman Credes Offshore Fund, LP, the Chinese company appears to have participated in Bass' challenges of numerous U.S. drug patents reportedly aimed at driving down the price of U.S. drug company stocks.

In its form, 20-F, filed with the Securities and Exchange Commission for its fiscal year, which ended December 31, 2016, Renren Inc. reported, "In December 2014, the Company invested $30,000 in Hayman, which is a Cayman Islands exempted limited partnership and served as a limited partner. The Company recognized its share of loss of $322 and $157 for the years ended December 31, 2015 and 2016, respectively. From February to April 2016, the Company withdrew all of its investment in Hayman and received total proceeds of $29,521." After 2 years of setbacks in his effort, Bass by 2017 ended his patent challenges.

In 2015, Bass organized the Coalition For Affordable Drugs (CFAD) to challenge patent validity through the Inter partes review (IPR) process.{{cite web |last=La Roche |first=Julia |date=October 19, 2016 |title=Some Drug Patents Are 'Un-effing Believable' |url=http://finance.yahoo.com/news/kyle-bass-blasts-un-effing-believable-drug-patents-220449950.html |publisher=Yahoo Finance |access-date=22 January 2017 |archive-date=29 June 2020 |archive-url=https://web.archive.org/web/20200629025123/https://finance.yahoo.com/news/kyle-bass-blasts-un-effing-believable-drug-patents-220449950.html |url-status=live }}{{Cite news |last=Motl |first=Ann |date=September 30, 2015 |title=Inter Partes Review: Ensuring Effective Patent Litigation Through Estoppel |publisher=Minnesota Law Review |url=http://www.minnesotalawreview.org/wp-content/uploads/2015/09/Motl_4fmt_PDF.pdf |access-date=22 January 2017 |archive-date=14 September 2015 |archive-url=https://web.archive.org/web/20150914184751/http://www.minnesotalawreview.org/wp-content/uploads/2015/09/Motl_4fmt_PDF.pdf |url-status=live }} When he initiated this practice in January 2015, he claimed that his motive was to encourage competition in the manufacture of pharmaceuticals and thus bring down prices.{{Cite news |last=Decker |first=Susan |date=October 19, 2016 |title=Kyle Bass Says So What If He Challenges Drug Patents for Profits |publisher=Bloomberg |url=https://www.bloomberg.com/news/articles/2015-08-12/kyle-bass-labels-shorting-stocks-irrelevant-to-drug-patent-fightnts-220449950.html |access-date=20 February 2017}}

Bass filed a total of 35 patent challenges in collaboration with Erich Spangenberg. The latter has been called “the world's most notorious patent troll”,{{Cite news |last=McTague |first=Jim |date=13 August 2015 |title=Kyle Bass' Comeback Plan: Oil, Argentina, and Patents |work=Barron’s |url=http://www.barrons.com/articles/kyle-bass-comeback-plan-oil-argentina-and-patents-1439489572 |access-date=28 January 2016 |archive-date=28 June 2020 |archive-url=https://web.archive.org/web/20200628075536/https://www.barrons.com/articles/kyle-bass-comeback-plan-oil-argentina-and-patents-1439489572 |url-status=live }} including 33 filed by CFAD and two filed by Bass personally on a not-for-profit basis.{{cite web |last=Loney |first=Michael |date=June 13, 2016 |title=Kyle Bass IPRs End Up with 57% Institution Success Rate |url=http://www.managingip.com/Article/3561885/Kyle-Bass-IPRs-end-up-with-57-institution-success-rate.html |publisher=Managing Intellectual Property |access-date=22 January 2017 |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902155701/https://www.managingip.com/article/2a5bzmpbb4aam9qzjrqww/kyle-bass-iprs-end-up-with-57-institution-success-rate |url-status=live }} Bass and Spangenberg state the coalition aims to bring down drug prices that are kept artificially high through dubious patents.{{Cite news |last=Morgenson |first=Gretchen |date=2015-11-27 |title=Working to Lower Drug Costs by Challenging Questionable Patents |language=en-US |work=The New York Times |url=https://www.nytimes.com/2015/11/29/business/working-to-lower-drug-costs-by-challenging-questionable-patents.html |access-date=2022-05-23 |issn=0362-4331 |archive-date=26 June 2020 |archive-url=https://web.archive.org/web/20200626205014/https://www.nytimes.com/2015/11/29/business/working-to-lower-drug-costs-by-challenging-questionable-patents.html |url-status=live }}

In June 2015, Celgene received permission from the U.S. Patent and Trademark Office to file a motion seeking sanctions against the CFAD for allegedly abusing the patent-review process. The Wall Street Journal noted that this development was “being closely watched because it raises the possibility that patent officials may put an end” to Bass's patent-challenge scheme. Through counsel, Celgene also told the patent office that CFAD had threatened to challenge its patents unless Celgene met CFAD's demands.{{cite news |last=Silverman |first=Ed |title=Celgene May Seek Sanctions Against Kyle Bass Over Patent Challenges |url=https://www.wsj.com/articles/BL-270B-2134 |website=Wall Street Journal |date=26 June 2015 |publisher=WSJ |access-date=10 January 2023 |archive-date=10 January 2023 |archive-url=https://web.archive.org/web/20230110224126/https://www.wsj.com/articles/BL-270B-2134 |url-status=live }}

In October 2016, Bass prevailed in the case, with USPTO invalidating the two Celgene Corp patents related to its cancer drugs Revlimid, Pomalyst, and Thalomid at issue.{{Cite news |last=Pierson |first=Brendan |date=28 October 2016 |title=Fund manager wins challenge to Celgene drug safety patents |work=Reuters |url=https://www.reuters.com/article/health-celgene-idUSL1N1CY1OI |access-date=17 November 2017 |archive-date=13 July 2020 |archive-url=https://web.archive.org/web/20200713045244/https://www.reuters.com/article/health-celgene-idUSL1N1CY1OI |url-status=live }} However, Celgene convinced the Patent Trial and Appeal Board to re-hear the case one year later.{{cite web |last=Mock |first=Jason |date=20 September 2017 |title=Celgene Notches Rare Win On PTAB Request For Rehearing |url=https://www.pharmapatentsblog.com/2017/09/20/celgene-notches-rare-win-on-ptab-request-for-rehearing/ |access-date=17 November 2017 |website=PharmaPatents |publisher=Foley & Lardner LLP |archive-date=1 December 2017 |archive-url=https://web.archive.org/web/20171201032912/https://www.pharmapatentsblog.com/2017/09/20/celgene-notches-rare-win-on-ptab-request-for-rehearing/ |url-status=live }}

A ProPublica story describes Bass as a friend of Tommy Hicks Jr., a private investor who was a hunting buddy to Donald Trump Jr. and had further ties to the Trump administration.{{Cite news |date=July 22, 2019 |title=Want to Meet With the Trump Administration? Donald Trump Jr.'s Hunting Buddy Can Help |work=ProPublica |url=https://www.propublica.org/article/trump-inc-podcast-tommy-hicks-jr-donald-trump-jr-hunting-buddy |access-date=30 July 2019 |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730225820/https://www.propublica.org/article/trump-inc-podcast-tommy-hicks-jr-donald-trump-jr-hunting-buddy |url-status=live }} According to the investigative story on improper links between Hicks and the Trump administration, Hicks had obtained a meeting with Bass with high-level officials at an inter-agency meeting at the Treasury Department to air views on China. This meeting was when Bass held a large short position in the Chinese currency.

On February 8, 2020, Bass had a Twitter disagreement with Hu Xijin; editor of Chinese newspaper Global Times. He tweeted that the "Chinese virus," a reference to SARS-CoV-2, should "rampage through the ranks of the GT and the rest of the communist party."{{Cite web |title=今日头条 |url=https://www.toutiao.com/w/1658106994613256/ |access-date=2022-05-23 |website=www.toutiao.com |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902155742/https://www.toutiao.com/w/1658106994613256/?wid=1725292662849 |url-status=live }} Hu Xijin's editor-in-chief said he had an "anti-human tendency" and ordinary CCP members "are ordinary citizens, fathers, husbands, wives, daughters."  Bass later deleted the tweet but doubled down when Hu suggested he apologize.{{Cite web |last=Langlois |first=Shawn |title=U.S. should let coronavirus 'rampage' through China's Communist Party, says hedge-fund manager Kyle Bass |url=https://www.marketwatch.com/story/us-should-let-coronavirus-rampage-through-chinas-communist-party-says-hedge-fund-manager-kyle-bass-2020-02-09 |access-date=2022-05-23 |website=MarketWatch |date=9 February 2020 |language=EN-US |archive-date=9 February 2020 |archive-url=https://web.archive.org/web/20200209232256/https://www.marketwatch.com/story/us-should-let-coronavirus-rampage-through-chinas-communist-party-says-hedge-fund-manager-kyle-bass-2020-02-09 |url-status=live }}{{Cite news |date=2020-02-09 |title=Bass Says Virus Should Spread to China Leadership as Spat Widens |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2020-02-09/bass-starts-twitter-feud-suggesting-virus-should-spread-in-china |access-date=2022-05-23 |archive-date=10 February 2020 |archive-url=https://web.archive.org/web/20200210100645/https://www.bloomberg.com/news/articles/2020-02-09/bass-starts-twitter-feud-suggesting-virus-should-spread-in-china |url-status=live }}

“I will not,” Bass replied. “You arrested, censured, and ‘punished’ (only God knows what you did to him and the other 7 doctors) the heroes of Wuhan. You are a disgrace to humanity.”{{Cite web |date=2020-02-10 |title=Dallas' Kyle Bass says U.S. should abandon efforts to help control virus |url=https://www.dallasnews.com/business/2020/02/10/dallas-kyle-bass-says-us-should-abandon-efforts-to-help-control-virus/ |access-date=2022-05-23 |website=Dallas News |language=en |archive-date=27 July 2021 |archive-url=https://web.archive.org/web/20210727200015/https://www.dallasnews.com/business/2020/02/10/dallas-kyle-bass-says-us-should-abandon-efforts-to-help-control-virus/ |url-status=live }} Bass went on to say “The good people of China have lost trust in the CCP. Barricading people into their own homes, arresting the hero doctors of Wuhan, then ordering the rank and file back to work on Monday? It looks like trust in govt (and even fear of govt) has been lost. @HuXijin_GT #revolt”

Bass is a staunch rhetorical critic of the Chinese Communist Party (CCP) and its policies. Bass, in July, 2021, blasted companies in the United States that speak out against social injustices in the United States yet fail to take a strong stance on human rights violations in China.{{Cite web |last=Stankiewicz |first=Kevin |date=2021-07-01 |title=Investor Kyle Bass blasts U.S. companies for cozying up to China in the name of profits |url=https://www.cnbc.com/2021/07/01/hayman-capitals-kyle-bass-blasts-us-companies-for-cozying-up-to-china.html |access-date=2022-05-23 |website=CNBC |language=en |archive-date=23 May 2022 |archive-url=https://web.archive.org/web/20220523232316/https://www.cnbc.com/2021/07/01/hayman-capitals-kyle-bass-blasts-us-companies-for-cozying-up-to-china.html |url-status=live }} Bass chastised Nike CEO John Donahoe in particular for remarks made during the company's results call with Wall Street analysts. It is difficult, according to Bass, to strike a balance between keeping in President Xi Jinping's good graces economically while becoming more active on societal concerns in the United States. As U.S. corporations will not stop seeking "the pot of gold" that is access to China's economy, Washington policymakers must demonstrate "leadership" in the face of Beijing's human rights transgressions, according to Bass.

Financial reports filed with the Securities Exchange Commission show that in 2016, he accepted investment capital in two of his investment funds from at least one technology company headquartered in China.{{Cite web |last=Lim |first=Wyatt Mingji |title=Federal State of New China? |url=https://defensepoliticsasia.com/federal-state-of-new-china/ |access-date=2022-05-23 |website=Defense Politics Asia |language=en-US |archive-date=2 September 2024 |archive-url=https://web.archive.org/web/20240902155829/https://defensepoliticsasia.com/federal-state-of-new-china/ |url-status=live }}{{Cite news |date=2017-04-10 |title=Bass Battled U.S. Drug Patents and Prices But Lost to 'Cabal' |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2017-04-10/bass-battled-u-s-drug-patents-and-prices-but-lost-to-cabal |access-date=2022-05-23 |archive-date=30 July 2019 |archive-url=https://web.archive.org/web/20190730084257/https://www.bloomberg.com/news/articles/2017-04-10/bass-battled-u-s-drug-patents-and-prices-but-lost-to-cabal |url-status=live }}{{Cite web |last=Matthews |first=Chris |title=Kyle Bass, Steve Bannon accuse Wall Street of 'funding the Chinese Communist Party's' economic war on the U.S. |url=https://www.marketwatch.com/story/kyle-bass-steve-bannon-accuse-wall-street-of-funding-the-chinese-communist-partys-economic-war-on-the-us-2019-04-25 |access-date=2022-05-23 |website=MarketWatch |date=25 April 2019 |language=EN-US |archive-date=7 October 2019 |archive-url=https://web.archive.org/web/20191007205806/https://www.marketwatch.com/story/kyle-bass-steve-bannon-accuse-wall-street-of-funding-the-chinese-communist-partys-economic-war-on-the-us-2019-04-25 |url-status=live }}

Following his college career, Bass continued to dive, both cliffdiving and freediving.

{{reflist|colwidth=30em}}

• {{Twitter|Jkylebass|Kyle Bass}}

{{Authority control}}

{{DEFAULTSORT:Bass, Kyle}}

Category:Living people

Category:1969 births

Category:Businesspeople from Miami

Category:Businesspeople from Dallas

Category:Texas Christian University alumni

Category:American hedge fund managers

Category:American money managers

Category:Bear Stearns people