Michael Burry de-registers his hedge fund, Scion Asset Management
9 days ago
- #Market Bubbles
- #Michael Burry
- #Hedge Fund
- Michael Burry de-registers his hedge fund, Scion Asset Management, effective November 10, 2025.
- Scion Asset Management reported $154.93 million in regulatory assets as of March.
- Burry hints at market bubbles and discrepancies in his valuation of securities compared to the market.
- He recently placed large options bets against Nvidia and Palantir, with a notional value of ~$1.1 billion.
- Burry clarified his actual exposure on Palantir was much lower, around $9.2 million.
- He traded barbs with Palantir’s CEO, Alex Karp, over the disclosure of his bets.
- Burry criticized major tech firms for understating depreciation on computing hardware, calling it earnings manipulation.
- He teased 'much better things' ahead in an X post, without directly addressing the fund's shutdown.
- Burry previously shut down Scion Capital in 2008 before launching Scion Asset Management in 2013.