Kyle Bass Says He's ‘Very Long Dollars’ in a Bet Against Hong Kong
- Fund manager says Hong Kong’s FX reserves aren’t sufficient
- Hong Kong Monetary Authority disputes Bass’s argument
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Kyle Bass, founder of Hayman Capital Management, said he’s shorting the Hong Kong dollar against the U.S. dollar to express his view that Hong Kong’s usable reserves for defending its currency peg are insufficient.
“We are very long dollars and that means we are short Southeast Asian currencies, and we are focused on Hong Kong,” Bass told Bloomberg TV on Tuesday.