The Wall Street Journal: Hedge-fund manager Kyle Bass under SEC scrutiny over criticism of Texas real-estate lender

Kyle Bass’s market bet against a Texas real-estate lender seemed like an astute move. Throughout 2015, the hedge-fund manager accused the lender, United Development Funding, of operating like a Ponzi scheme. Authorities opened civil and criminal investigations into UDF, and Bass counted his winnings as UDF stock eventually fell to $1.

from MarketWatch.com - Top Stories https://ift.tt/30Imwo0