Kyle Bass is taking his flagship hedge fund onshore-in Europe.
Bass' Hayman Capital Management plans to launch an Irish-domiciled version of its main fund, HFMWeek reports. The Dallas-based firm will offer Hayman Advisors as a separately managed account packaged within an Irish Qualified Investor Fund.
The move will give non-U.S. investors greater access to Hayman, which has US$1.1 billion in assets under management.
Kyle Bass, an American hedge fund manager, is the Founder of Hayman Capital. He received extensive coverage in the financial press for profiting $590 million by short selling the sub-prime mortgage bond market, before that market crashed. In 2011, Bass initiated a huge position in Greek sovereign debt through CDSs. Media reports were that he could profit up to 650 times his investment should Greece default on its debt obligations.