The so-called ‘Big Short’ investor Michael Burry has seemingly decided to delist his Scion Asset Management hedge fund from the Securities and Exchange Commission (SEC).
Namely, on Thursday, November 13, Burry took to social media to provide more context to his October Palantir (NASDAQ: PLTR) moves in a post that featured an image which suggested Scion’s registration was terminated.
At the same time, the investor hinted at “much better things” coming November 25, albeit without elaborating what he was referring to.
Michael Burry ‘not in sync with the market’
Meanwhile, a letter from Burry addressed to investors of Scion Asset Management, dated October 27, began circulating on X.
With the SEC page confirming the termination, the decision to deregister may signal that Burry intends to transition the firm into a private investment entity.
The timing is made even more bizarre by Burry’s recent resurfacing on social media, when he greeted his followers with cryptic warnings about another market bubble.
The American investor also criticized major tech firms for depreciation costs tied to their computing hardware, particularly chips. He primarily focused on Palantir and Nvidia (NASDAQ: NVDA), although he has since made no further statements regarding the latter.
Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
Source: https://finbold.com/is-big-short-michael-burry-closing-his-hedge-fund/
