Michael Burry, Famous Investor from ‘The Big Short,’ Closes Hedge Fund

Post by : Sameer Saifi

Michael Burry, the investor known for his bets against the U.S. housing market in 2008, is closing his hedge fund, Scion Asset Management.

Burry told investors in a letter that he will liquidate the fund and return the money by the end of the year, keeping only a small amount for taxes and audits. He said that his views on the value of stocks are no longer in line with the market.

Scion Asset Management had $155 million in assets earlier this year. Burry became well-known after the movie “The Big Short” showed how he predicted the housing market crash.

Recently, Burry has criticized big tech companies like Nvidia and Palantir. He bought put options on Palantir, meaning he is betting that its stock price could fall by 2027. He has also warned about bubbles in AI-related stocks and believes some companies are inflating profits using accounting tricks.

Experts say Burry’s decision does not mean he is leaving investing. He may manage his own money privately or work in a different way.

Burry’s move comes at a time when other famous short-sellers are also facing challenges. Investors continue to watch his next steps closely.

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