Michael Burry, the hedge fund manager made famous by his prescient bet against the U.S. housing market in 2008, has confirmed he remains active in trading despite deregistering Scion Asset Management with the U.S. Securities and Exchange Commission (SEC) earlier this month.
In an email to Bloomberg, Burry explained that Scion was essentially a fund for friends and family, not a vehicle he intended to expand with outside investors. "I didn’t promote it like others did, and I don’t intend to expand assets by bringing in investors I don’t know," he said. "I don’t want to go through the same troubles I had when I first started running Scion Capital."
Still Trading His Own Money
Burry emphasized that he is still managing his own money and remains active in the market. He also hinted at a new venture, writing on X that he would be "getting into something better" on November 25, sparking speculation about his next move.
Scion Asset Management, founded in 2013 after Burry closed his original Scion Capital, has long been closely watched for its regulatory filings. Earlier this month, the fund disclosed short positions in Nvidia (NVDA-US) and Palantir (PLTR-US), moves that coincided with sharp declines in both stocks. The filings also revealed call options on Halliburton (HAL-US) and Pfizer (PFE-US), underscoring Burry’s contrarian approach.
Free from Compliance Burden
Burry expressed relief at stepping away from the obligations of being a Registered Investment Advisor (RIA). "I’m pleased to be free from the burden of regulatory compliance and the widespread misunderstanding of my disclosures," he said. He clarified that Scion Asset Management is not closed but will now serve as a vehicle for his other investment ventures without managing external funds.
Market Commentary and Social Media Presence
At 54, Burry remains a prominent voice in financial circles. His cryptic warnings on social media often spark debate, with his late October post suggesting the market was overheated drawing widespread attention.
His reputation as the "man behind The Big Short" continues to make his moves market-moving. The recent Nvidia and Palantir shorts highlight his skepticism toward AI-driven valuations, while his positions in Halliburton and Pfizer suggest a tilt toward energy and healthcare as potential hedges.
The Bottom Line
Michael Burry’s deregistration of Scion Asset Management marks a shift in structure, not strategy. He remains active, trading his own capital, and continues to wield influence through both his market positions and his commentary.
For investors, the message is clear: Burry may no longer be bound by RIA compliance, but his contrarian bets and warnings will remain closely watched. As speculation builds around his November 25 announcement, markets will be paying attention.