Kyle bass is an American hedge fund manager and also the founder and principal of Hayman Capital Management L.P. He was interviewed by FOX Business Network (FBN) hosts Gary Kaminsky and Maria Bartiromo who sought to find out what his thoughts were on the upcoming presidential election and the state of the United States economy in 2016. Bass was of the opinion that there was a 40-50% chance of the country facing a minor recession in 2017. He showed his support for Hillary Clinton as the next president of the United States and in his words ‘ she is the most sane actor of them all.’
While he came out of now where and was crowned as a genius who could do no wrong, time has slowed down and eventually fizzled out any mojo he held and he has been making one damaging choice after another. The alliances Kyle Bass has made over the years have also been questioned by the public as well as his peers. One of this is the support he offers for the Argentinian despot Cristian Fernandez de Kirchner who is been said to be the worst decision ever to happen to the economy of her country. Kyle Bass came to her defence after Argentina defaulted on its sovereign debt for the thirteenth year. He has been accused of shady ties with Kirchner and behaving like an Argentinian leftist economy minister and not a US hedge fund manager.
Kyle Bass has been accused of damaging pharmaceutical companies by short selling their stocks and then challenging them using front companies such as the coalition for affordable drugs. The results of this is that the stock value of the company goes down and Bass is able to cash in a few millions at the expense of the millions more who require the drugs to relieve their suffering and/ or save their lives. Even as he struggles to remain in the spotlight, the public and those in the media have come to view his stock picking powers as being cook ups with no real background and has been seen as a bottom feeder who is looking for his next scheme.
Helane Morrison is currently the chief compliance officer at Hall Capital Partners LLC, one of the most notable advisory firms in San Fransisco. She is credited for enforcing compliance in the corporate world. I believe that due to her extensive knowledge in the financial world, her input has been unrivaled in the industry. This was seen in the economic crash in 2008 when people started to hold their finances in their hands. When this phase was over, Hall as a company come in handy by rescuing the public by enforcing accountability and regulatory compliance.
I like Morrison’s assertiveness and focus on the finer details. Her hard work, despite being a lady in the compliance field has made a great impression in the industry. Before they make any investments for a client, Morrison ensures that the process and the entity are solid and ethical. Before any brokerage firm, mutual funds advisor or financial advisor deals with a client, Hall ensures that they go through a thorough investigation in order to ascertain their credibility. This has helped improve the image of the sector through transparency. In case of any anomaly that would be detected in the course of this process, appropriate legal action would be taken against the firm involved.
Helane Morrison has had a successful career over the years. She was the head of ‘SEC’ before he finally joined Hall Capital in 2007. While working at SEC, her main duties were to enforce securities, regulatory compliance and litigation matters in Northern California. She represented SEC in matters related to the legal field, government agencies, business relations and financial communities.
During her time at SEC, she also dealt with issues related to fraud from top executives in top companies like Hewlett-Packard, Google, HBO and NextCard. This is the type of personality that one would need to have if they are to win the trust of the people. I like the fact that she was not afraid to act and would discharge her duties without fear or favor.
Apart from her post at her current company, she is also a part time speaker on compliance and legal issues that may arise from investment advisories. Morrison’s determination has seen her scale the heights of her career with ease. She is ambitious and believes in making every process just and credible. This ought to be a challenge to anyone, especially women who have hitherto looked up to men for support in discharging their duties.