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Kyle Bass's failed Hong Kong short got Bannon-linked cash - Bloomberg News

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Hayman Capital Management L.P. founder Kyle Bass's failed bet against the Hong Kong dollar got cash linked to former U.S. President Donald Trump's adviser Steve Bannon, Bloomberg News reported on Wednesday. The details were laid out by the U.S. Securities and Exchange Commission in an enforcement action a

Hayman Capital Management L.P. founder Kyle Bass's failed bet against the Hong Kong dollar got cash linked to former U.S. President Donald Trump's adviser Steve Bannon, Bloomberg News reported on Wednesday.

The startup had raised US$339 million through an unregistered share sale last year, the report said, citing the securities regulator. The hedge fund, which takes positions in the Hong Kong dollar and other Asian currencies, lost 95per cent of the US$30 million it invested, the report added.

 

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