Kyle Bass called the housing crash. Now he's launching a new fund that will reportedly use 200-times leverage to bet on a Hong Kong currency collapse.

· *Kyle Bass is creating a high-risk bet that Hong Kong's currency will break free of its peg to the US dollar, Bloomberg reported Tuesday.*
· *The founder of Hayman Capital Management has already shorted the currency for more than a year and now plans to use options contracts with 200-times leverage to bet the peg will...