Michael Burry said that while his hedge fund firm Scion Asset Management may be deregistered, he’s still active in markets.
“This last go-around was always essentially a friends and family fund,” he wrote in an email to Bloomberg News on Tuesday. “I didn’t market it or treat it like most do, and I wasn’t trying to grow assets by acquiring investors I didn’t already know. I didn’t want the problems I had the first go around with Scion Capital.”
“I am still running my money and active in markets,” he added.
The hedge fund manager, whose 2008 bet against the US housing market was recounted in Michael Lewis’ book The Big Short, terminated Scion Asset Management’s status with the Securities and Exchange Commission earlier this month, and wrote in a post on X that he was “on to much better things Nov 25th.”
Burry, 54, closed a previous firm called Scion Capital in 2008 after successfully betting against bonds backed by the riskiest home loans. He opened Scion Asset Management in 2013.
His trades have been closely followed since then, with market watchers scouring his firm’s regulatory filings. Most recently, the fund disclosed bearish wagers on Nvidia Corp. and Palantir Technologies Inc. Filings also showed call options on Halliburton Co. and Pfizer Inc.
“I am glad to be free of the compliance burden and broad misunderstandings generated by my filings,” Burry wrote on Tuesday. “Scion Asset Management is not closing as it is my vehicle for running other investment ventures, too. It is no longer an RIA, and no longer runs a fund for outside investors.”
He’s also become a cult figure on social media, known for his cautionary comments on markets and the economy. In late October, he posted a cryptic warning about market exuberance.
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