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Hayman Capital Bets Big on General Motors

General Motors Company (NYSE:GM) received a vote of convinced from the hedge fund Hayman Capital Management LP, which is operated by Kyle Bass. According Bloomberg, the hedge fund has taken a significant stake in the car manufacturer. Bass believes General Motors is undervalued and pretty attractive as result of the bankruptcy restructuring of employee pensions. Bass also sees more funds available for share buybacks when the government fully divests its interest General Motors. General Motors’ shares are moving higher on the news.