Michael Burry, the investor who became widely known for betting against the US housing market ahead of the 2008 financial crisis, is joining Minerva Investment Management as a senior adviser to a new short-biased hedge fund, according to a report by Reuters.
Burry said he will work with Lakshmi Ganapathi, founder and chief executive of Unicus, a Minerva business, on the new strategy. Unicus first announced the appointment earlier this month, with Burry confirming the move in a post on X.
The fund is expected to launch within a month, according to Unicus.
Burry has remained a prominent critic of the enthusiasm surrounding artificial intelligence and has recently focused his attention on the accounting implications of the technology investment boom. He has argued that some major AI companies may be extending depreciation schedules for equipment in ways that reduce reported expenses and support earnings.
He has also disclosed bearish positions in companies including Nvidia and Palantir Technologies.
Burry shut down Scion Asset Management in late 2025 and has since published his investment views through a paid Substack newsletter under the name “Cassandra Unchained”.
The new Minerva strategy will build on Unicus’s existing focus on short selling. The firm has highlighted past gains from bearish positions in stocks including electric vehicle company Faraday Future and used-car retailer Carvana.
Other companies previously targeted by Unicus on the short side include cloud software provider Snowflake, biotechnology company Moderna and retail trading platform Robinhood.
