Kyle Bass Makes Audacious Bet on Hong Kong’s Currency Peg Collapsing
- Hayman Capital founder says the city’s currency peg is doomed
- His fund will make all-or-nothing wagers using HKD options
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Kyle Bass is going for broke on a currency trade that has burned bearish speculators for more than three decades.
The Dallas-based founder of Hayman Capital Management is starting a new fund that will make all-or-nothing wagers on a collapse in Hong Kong’s currency peg, people with knowledge of the matter said.