Michael Burry, the investor made famous by The Big Short, says he continues to trade actively despite deregistering his hedge fund firm, Scion Asset Management, with the SEC earlier this month, according to a report by Bloomberg.
Burry said the fund had effectively been a “friends and family” vehicle and was never intended to scale. “I didn’t market it or treat it like most do,” he told Bloomberg, noting that he was keen to avoid the operational and investor-relations burdens that accompanied his original firm, Scion Capital, which he closed in 2008 after his highly lucrative short on subprime mortgages.
He stressed that Scion Asset Management is not shutting down, but will no longer operate as a registered investment adviser or run external capital. “I am still running my money and active in markets,” he said, adding that the move frees him from regulatory filings that often fuel intense scrutiny of his trades.
Those disclosures had recently revealed short positions on Nvidia and Palantir, along with call options in Halliburton and Pfizer. Burry — now a cult figure on social media for his periodic market warnings — also used X this week to comment on Baidu, suggesting its approach to impairment accounting may have boosted reported 2024 earnings.
Burry previously teased being “on to much better things” from 25 November, though he has not elaborated further.
