indythinker85 Posted December 5, 2013 Share Posted December 5, 2013 http://www.valuewalk.com/2013/12/kyle-bass-answers-questions-at-icio-investment-summit/ Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 5, 2013 Share Posted December 5, 2013 Interesting. I have a lot of respect for Kyle Bass, but I thought hedge funds had learned their lessons with Argentine debt....maybe this time he'll be right. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted February 4, 2014 Share Posted February 4, 2014 http://www.bloomberg.com/news/2014-02-03/argentina-bust-lures-bass-led-investors-in-200-years-of-defaults.html Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens. The South American nation has stiffed creditors seven times since independence from Spain in 1816, and following the latest default, in 2001, Argentina has yet to work out a settlement with all its financiers. Nevertheless, Bass said he bought Argentine bonds at 55 cents on the dollar last year and has no plans to sell even as global investors say there’s an 86 percent chance Argentina will quit paying in the next five years. Link to comment Share on other sites More sharing options...
SpecOps Posted February 5, 2014 Share Posted February 5, 2014 I'm surprised that people are still willing to lend money to countries like this. From the things that the Argentinian politicians come out with I would never invest in that country. Link to comment Share on other sites More sharing options...
claphands22 Posted February 5, 2014 Share Posted February 5, 2014 I wonder why certain countries have a higher rate of default than others. Link to comment Share on other sites More sharing options...
muscleman Posted February 5, 2014 Share Posted February 5, 2014 I wonder why certain countries have a higher rate of default than others. Maybe culture related? Maybe Argentina people just don't like to abide by their contacts? Link to comment Share on other sites More sharing options...
writser Posted February 5, 2014 Share Posted February 5, 2014 I always get the feeling that Kyle Bass invests in stuff he can get on television with. Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 5, 2014 Share Posted February 5, 2014 I always get the feeling that Kyle Bass invests in stuff he can get on television with. If Mr Kyle Bass wants to get on TV, I'm sure CNBC/Bloomberg/Fox Business would give him hours and hours of time to talk his mind out. Link to comment Share on other sites More sharing options...
JEast Posted February 5, 2014 Share Posted February 5, 2014 It appears very marketing savvy on Mr. Bass' part to place a small trade on a very contrarian topic to get some airtime. On the other hand, maybe he has a barbell strategy with his other wager via shorting the lowest interest rate bonds with the strongest currency on the planet and buying the highest interest rate bonds with the weakest currency on the planet. Cheers JEast Link to comment Share on other sites More sharing options...
Guest deepValue Posted February 6, 2014 Share Posted February 6, 2014 It makes you wonder why more countries don't bite the bullet and restructure their debt more often. I read a study a few years ago that found no lasting negative consequences from sovereign defaults (developing and smaller developed nations, at least). Investors have short memories, especially when searching for yield. Link to comment Share on other sites More sharing options...
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