What does a Chinese social media company have in common with a Texas based macro hedge fund? In this case apparently a lot (or at least had? in common). Renren which “operates a real name social networking Internet platform in China” had an investment in Kyle Bass, until they sold out recently some of that stake? Not sure what to make of this but it is what it is. See the latest below. (h/t CableCarCapital and @DennyCrane Also see a great curated list of hedge fund letters Earnings in equity method investments. Loss in equity method investments was US$5.5 million…
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