“Effectively doubling the largest financial experiment the world has ever seen is not exactly risk-free, but it seems like an absolute necessity if the BoJ would like to maintain any optionality aside from checkmate.” —J. Kyle Bass on Abenomics, Hayman Capital, 5 June 2013
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.