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― Mark Twain
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Burry Closes Hedge Fund As The Invisible Hand Pushes Him Again
The Internet, populated by the majority that cannot time a bus stop with schedule in hand, let alone markets, has something to talk about today.
Michael Burry, the famed investor behind The Big Short (never watched), has deregistered his hedge fund, Scion Asset Management, according to SEC filings showing its registration terminated as of November 10. The move means Scion is no longer required to file regulatory reports.
Burry, whose firm managed $155 million as of March, hinted at new ventures in a post on X, saying, “On to much better things Nov 25th.” Known for his market contrarianism, he has recently criticized major tech companies like Nvidia, Microsoft, and Google, accusing them of using aggressive accounting to inflate profits amid the AI and cloud boom.
Analysts suggest Burry’s decision may signal a shift toward operating privately, possibly through a family office, rather than a retreat from investing altogether.
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