Steven Drobny, founder and CEO of Drobny Global Asset Management, is publishing a serialized book that shares the insights of a select group of global macro hedge fund managers. The first chapter of The New House of Money features J. Kyle Bass, founder of Dallas-based Hayman Capital. It’s available today for free download at: www.drobnycapital.com. In this chapter, Mr. Bass discusses the subprime trade that made him famous, gives his advice for institutional investors, and shares his views on Japan, China and Europe.

1. FOR IMMEDIATE RELEASE
DROBNY GLOBAL ASSET MANAGEMENT CEO,
STEVEN DROBNY,TO PUBLISH NEW BOOK
The New House of Moneyto be Released in Serialized Format and Available Online to
Capture Latest Views of Leading Hedge Fund Managers
First Installment Features Hayman Capital Founder Kyle Bass
SANTA MONICA – December 3, 2013 –Drobny Global Asset Management announced
today that its founder and CEO, Steven Drobny, will be publishing a new book entitled
The New House of Money, a follow-up to his critically acclaimed books,Inside the House
of Moneyand The Invisible Hands.
The New House of Moneywill explore the market views and share the insights of a
select group of global macro hedge fund managers, some of whom are extremely wellknown and established and others who are – as of yet– undiscovered. The first chapter
features J. Kyle Bass, founder of Dallas-based Hayman Capital.
The New House of Money will be released in serialized format starting today and is
availablefor free download online at:www.drobnycapital.com.
“Since I wroteInside the House of Money in 2006, we have gone deeper and deeper into
uncharted waters due to a global monetary policy experiment that continues to this day,”
Drobny said. “I felt it was now time, a few years into the post-crash market environment,
to re-engage with some of the best global macro hedge fund managersto get their take
on what is happening.
“Because of the speed with which capital flows are moving and government policy is
being implemented, I decided to release the book in a serialized format to keep the
conversations as timely and actionable as possible. My hope is that within these pages,
readers – especiallythe institutional investors charged with investing large pools of
capital and forced to contend with the risk inherent in this new world order – will be able
to make sense of these highly uncertain times by listening to some of the brightest
minds in finance.”
We plan to release the compilation of chapters in printed bookformat sometime in 2014.
About Steven Drobny
Steven Drobny is the founder and CEO of Drobny Global Asset Management. A
recognized leader in the macro and commodity investment community, Drobny has in
recent years focused his expertise on how real money investors can best implement

2. and optimize external allocations to hedge fund managers to improve overall portfolio
results. He is also the author of two critically acclaimed books on fundamental,
discretionary investing, Inside the House of Money: Top Hedge Fund Traders on
Profiting in the Global Markets(John Wiley & Sons, 2006) and The Invisible Hands: Top
Hedge Fund Traders on Bubbles, Crashes and Real Money(John Wiley & Sons, 2010).
Mr. Drobny holds a MSc in Finance and Accounting from the London School of
Economics and Political Science and a BS/BA from Bucknell University.
About Drobny Global Asset Management
Drobny Global Asset Management is an independent investment advisory, asset
management and consulting firm focused on global macro and commodity hedge fund
strategies. The firm helps pensions, endowments, family offices, asset managers and
other institutional investors craft superior portfolios and develop more effective
businesses through the thoughtful and strategic use of external hedge fund allocations.
Through its leadership in the global macro and commodity investment community, the
firm collaborates with both allocators and managers on a wide range of issues related to
building sustainable, scalable investment practices. Drobny Global Asset Management
is headquartered in Santa Monica, CA and can be found online at
www.drobnycapital.com.
***
FOR MORE INFORMATION CONTACT:
Mickey Mandelbaum / Maya Pogoda
Muirfield Partners
(310) 785-0810
mickey@muirfieldpartners.com
maya@muirfieldpartners.com