(Bloomberg) Hedge fund manager Kyle Bass is condemning a decision by a board overseeing U.S. government employees’ savings to allow investment in Chinese companies. “Foreign entities should be forced to follow basic U.S. securities laws,” Bass, founder of Hayman Capital Management, said via email ahead of a Thursday morning briefing in Washington. Bass said that Chinese companies now raise money, in U.S. dollars, from U.S. investors without complying with Dodd-Frank regulations or submitting to audits by the Public Company Accounting Oversight Board, or PCAOB.
Kyle Bass Decries Military Retirees Funding China ‘Nightmare’
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