Hayman Capital

New Goldman Fund Long Real Estate. So Does That Mean Run?

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Goldman Sachs Group is rolling out a new fund at the beginning of the month.. and they’re betting on a housing recovery.  According to Bloomberg, Goldman is joining the hedge fund ranks of Hayman Capital, Cerberus Capital, and Canyon Partners in raising money for a mortgage backed product.  The goal of these new funds is to take advantage of the recent appreciation in the $1.1 trillion dollar market in non-government backed mortgage securities.   The market consists of the remnants from the causation of the 2008 crisis, primarily ARMs (adjustable rate mortgages) and Alt-A ARMs.  Since last November, the senior … Read more

So, you know what Kyle Bass says, what does he do? Hayman Capital 13 F

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Maybe I just don’t get it but did Bass bet $577 million of the fund’s $739 million in assets on a put position on the SPDR 500 ETF? Please somebody set me straight. He could have some horrific performance the 4th qtr if the market doesn’t collapse in the next three weeks. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ——- Form 13F Information Table Entry Total: 12 ——- Form 13F Information Table Value Total: 739,190 (thousands) ——- List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of … Read more