Bass Setting Up China Fund

Bloomberg: Bass Says Investors Would Avoid China If They Knew Bank Risk

Bass, a hedge fund manager famed for betting against U.S. subprime mortgages, is predicting losses for China’s banks and raising money to start a dedicated fund for bets in the nation. Bass said investors putting money in Asia should ask if they can handle 30 to 40 percent writedowns in Chinese investments.

Bearish now, but looking long-term...