Kyle Bass, founder of Hayman Capital Management, speaks during the Reuters Global Investment 2019 Outlook Summit in New York, U.S., November 14, 2018. REUTERS/Brendan McDermid/Files
Oct 13 (Reuters) – Hayman Capital Management L.P. founder Kyle Bass’s failed bet against the Hong Kong dollar got cash linked to former U.S. President Donald Trump’s adviser Steve Bannon, Bloomberg News reported on Wednesday.
The details were laid out by the U.S. Securities and Exchange Commission in an enforcement action against GTV Media Group, a startup with ties to Bannon and Chinese businessman Guo Wengui, Bloomberg reported. (https://bloom.bg/3v7EFsL)
The startup had raised $339 million through an unregistered share sale last year, the report said, citing the securities regulator.
In June 2020, $100 million of those proceeds were transferred to a hedge fund that is managed by Bass’s Hayman Capital Management, the report said, citing two people with…
