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Michael Burry Shuts Down Scion Asset Management, Hints at New Venture

Michael Burry Shuts Down Scion Asset Management, Hints at New Venture

Author:

Global Cryptocurrency

Published:

2025-11-13 15:24:02

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BTCCSquare news:

Michael Burry, famed for his "Big Short" bet against the housing market, has deregistered Scion Asset Management with the SEC. The move, effective November 10, eliminates his obligation to publicly disclose trades and suggests a pivot toward private family office operations. Burry teased "much better things" ahead, with a new launch slated for November 25.

Filings reveal Burry liquidated bearish positions in AI-linked stocks Palantir and Nvidia just before the deregistration. His October 27 investor letter stated, "With a heavy heart, I will liquidate the funds and return capital by year’s end." The abrupt portfolio disclosure caused notable market ripples.

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