Fund Manager Fearful of China’s Bad Debt

In an interview with CNBC, Kyle Bass of Hayman Capital described what he said was the “real problem” with the Chinese economy in recent months. “Loans past due 90 days grew by 167 percent in the first half,” said Bass, explaining why he believes it’s the Chinese banking sector and its bad debts that is …

Hayman Capital Invests in General Motors

Hayman Capital recently acquired a stake in General Motors Co, stating that the company’s stock has the potential to increase over 40% over the next year or so once the U.S. Treasury sells its stake. The hedge fund’s decision comes as the government prepares to sell and other investors move in on the GM stake. …