It’s interesting to note Kyle Bass’s, Hayman Capital Advisors Form 13F filings. I’ve posted his most recent one from Sept 30, 2011. . Now I’ve posted his Sept 30th 2010 return below where he had just a fraction of the money he manages now. The more bearish Bass gets, the more money he raises. Perhaps he’s more wily than smart. Hayman Capital Advisors AUM based on these filings has risen almost ten fold. The most recent 13F filing counts $739.19 million dollars. A far cry from the $73.4 million in the Sept 30th 2010 filing. There’s nothing to suggest great money making prowess in these filings so it’s hard to understand how Bass has upped the ante so much. In fact based on the Sept 30th 2011 bearish S&P puts, Mr. Bass could hand his investors losses that make John Paulsen’s 2011 -40% CAGR hedge fund returns look downright enviable if the market doesn’t crash before the end of the year.
FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------------- ------------- ----------- -------- --------- --- ---- ---------- -------- --------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bank Of America Corporation CALL 060505 90 4 600 24,000 SH CALL Sole 24,000
Bank Of America Corporation COM 060505 10 4 13,103 1,000,000 SH Sole 1,000,000
Citigroup Inc. COM 172967 10 1 15,640 4,000,000 SH Sole 4,000,000
Chesapeake Lodging Trust SH BEN INT 165240 10 2 4,483 274,040 SH Sole 274,040
Dynergy Inc. Del CALL 26817G 90 0 600 35,000 SH CALL Sole 35,000
Electronic Arts
Inc COM 285512 10 9 4,934 300,000 SH Sole 300,000
Grubb & Ellis Co COM PAR $0.01 400095 20 4 1,054 878,100 SH Sole 878,100
HFF, Inc. CL A 40418F 10 8 11,380 1,226,324 SH Sole 1,226,324
Powershares QQQ Trust PUT 73935A 95 4 2,450 250,000 SH PUT Sole 250,000
Resolute Energy Corp COM 76116A 10 8 3,318 300,000 SH Sole 300,000
SPDR S&P 500 ETF TR PUT 78462F 95 3 2,740 14,000 SH PUT Sole 14,000
Six Flags Entmt Corp New COM 83001A 10 2 13,162 299,401 SH Sole 299,401
</TABLE>
</TEXT>
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