Michael Burry Shuts Down Scion Asset Management

[bonk]

Michael Burry, famed for The Big Short, has officially liquidated Scion Asset Management, ending a six-year run.

In a letter to investors, Burry explained:

“Estimation of value in securities is not now, and has not been for some time, in sync with the markets.”

This marks his second voluntary fund closure, echoing his retreat after profiting from the 2008 subprime crisis.

[Abdul Khan]

Burry stepping back again is big — he usually moves early before the crowd notices.

[Nahid Hossen]

His exit could be a signal he sees deeper market turbulence ahead. ️