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Michael Burry of 'Big Short' fame deregisters Scion Asset Management
"Big Short" investor Michael Burry, known for his successful bets against the U.S. housing market in 2008, has deregistered his hedge fund, Scion Asset Management.
The Securities and Exchange Commission's database showed Scion's registration status as "terminated" as of November 10. Deregistering would imply the fund is not required to file reports with the regulator or any state.
Bets by Scion, which managed $155 million in assets as of March, have long been dissected for hints of looming bubbles and signs of market froth.
In a post on social media platform X on Wednesday, Burry said, "On to much better things Nov 25th." Scion Asset Management did not immediately respond to a Reuters request for comment.
'Big Short' investor Michael Burry deregisters his hedge fund, saying he's moving on to 'much better things'
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Michael Burry of "The Big Short" fame has terminated his hedge fund's SEC registration, signaling that he'll no longer manage money for external clients.
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