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J. Kyle Bass buys 4.9% stake in MGIC
 
  Hedgeweb - TUE, NOV 08 2011
Funds & Investment A closely followed hedge fund manager known for correctly betting on the housing market??s collapse four years ago purchased a small stake in the nation??s largest mortgage insurance company in a bet that the housing market has neared bottom.

J. Kyle Bass, portfolio manager at Dallas-based Hayman Capital Management LP, bought the 4.9% stake in MGIC Investment Corp, according to federal filings. He said on Monday the bet reflected his view that the housing market??s losses had largely been absorbed.

 
 
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