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Michael Burry de-registers his hedge fund, Scion Asset Management, as he warns of market bubbles and hints at "better things" ahead
"The Big Short" investor Michael Burry has de-registered his hedge fund, Scion Asset Management, according to SEC adviser records. The agency's database lists Scion's registration status as "terminated" effective November 10, 2025. Investment advisers with more than $100 million in regulatory assets must stay registered with the SEC, and Scion reported $154.93 million as of March, per its latest filing. A viral — though unverified — online post circulating today appears to show Burry's letter to investors dated October 27, in which he wrote: "My estimation of value in securities is not now, and has not been for ... (full story)