Tragedy Strikes Young Hedge Fund Manager


Very sad to report....

Bloomberg reports that Wes Swank, Managing Director for energy and natural resources at Hayman Capital Management LP, the hedge fund run by Kyle Bass, died on December 4th in a car accident. He was 31.

Police in Dallas found Swank dead inside a Mercedes that had run off the road and struck a tree, the Dallas Morning News said on its website. Public records showed he was less than a mile from his condominium, the newspaper reported.

Swank joined Dallas-based Hayman in March 2008, after working in the mergers and acquisitions group of Citigroup Inc. (C)’s investment banking unit. He began working at New York-based Citigroup in 2005, according to a Financial Industry Regulatory Authority filing.

'It is amazing how we have so much and so little control over our lives at the same time', Bass, who earned attention by making $500 million betting against subprime mortgages during the 2007 crash, said yesterday in an e-mail to friends and colleagues. 'Wes was one of the most intelligent, thoughtful, caring and vibrant individuals I have ever known. We are suffering a profound and deep sense of loss throughout the entire Hayman family, and our world has been forever changed by the loss of this great man'.

Bass said he noticed a quote taped to Swank’s computer monitor that says:

'I go to work every day with people smarter than me, who are better at what they do than me. I go to the gym every day and work out with people stronger and faster than me. I spend my spare time with friends and family whose values and quality of character I aspire to reflect. For all of these reasons, I get a little better, every day'.

Hit the link below to access the complete Bloomberg article:

Wes Swank of Kyle Bass’s Hayman Capital Dies at 31 in Car Crash

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