Hedge fund wizard Kyle Bass made his name by predicting a housing collapse. Now he’s betting big on a growing market: nature.

Conservation Equity Management (CEM) and Ironwood Resources Advisors, LLC are proud to announce the establishment of the first-ever Eastern Black Rail Conservation Bank (EBRCB), approved by the U.S. Fish & Wildlife Service (USFWS).

The Chocolate Bay Conservation parcel will serve as a multi-use haven for ecologically focused projects on the Texas coast. From constructing wetlands to enhancing threatened and endangered species habitat, CEM is on the forefront of merging the worlds of conservation and finance.

The hedge fund manager who scored big gains betting against U.S. housing has spent $90 million buying undeveloped property in the Lone Star State.

The business model is a simple one: to create value by enhancing ecosystems, mitigating environmental impacts, and developing conservation in Texas and surrounding states.

Kyle Bass and Terry Anderson Launch CEM