Friday, February 3, 2012

Kyle Bass is “Against Selling” any of UT’s Gold

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DG365FD46564GFH654FU898 Last year the University of Texas Investment Management Co. took delivery of over more than 6,000 gold bars – worth nearly $1 billion at the time – based in part on advice from noted hedge fund manager Kyle Bass. Yesterday, Mr. Bass stated at a meeting among the endowment's fund directors that he is "against selling any of the gold," according to a Bloomberg report.



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