Kyle Bass' Fund Collapses by 95 Percent After Losing Bet Against HK Dollar With Alleged Illegal Money

As I have been discussing for many years, Kyle Bass' performance as a fund manager has been miserable after he rose to fame by recording impressive gains in 2007 betting against sub-prime mortgage securities. 

But Bass isn't alone. The post-crisis performance of each fund manager who profited from bets against sub-prime mortgage securities ranges from terrible to not so good...