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Saturday Sep 6 2008
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That anonymous subprime conspirator, writing in full…
A conspiratorial subprime-related letter, referred to here on FT Alpahville earlier on Tuesday after extracts were quoted in Barron’s and attributed to an anonymous hedge fund manager, turns out not to be very “anonymous” at all.
In fact, the excitable missive was dispatched by one J Kyle Bass, managing partner of Dallas-based fund Hayman Capital Partners, to his clients back at the end of July. Hayman is a specialist short fund that has had it in for the subprime sector for months — making spectacular profits in the process.
And, given events since the letter was posted, the tone comes across as rather less goofy than we might have first assumed.
Click here for the full text, but be aware that it’s quite a long read…
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John — thanks. I hadn’t found that. if you can post a link to Hayman’s site that would be v helpful — at least for me, since i cant find it.
Murphy/FT Alphaville
Yeah, I saw that last week, you can download it as a .doc from their website.