Archive · 14 Nov 2025
Michael Burry Closes Scion Asset Management, Cites Market Disconnect
Michael Burry, a famous investor known for predicting the 2008 housing market crash (which inspired the movie 'The Big Short'), is closing his investment company, Scion Asset Management.
He has told the government that his company's registration is ending on November 10, 2025.
Burry explained that he's closing the fund because he feels like he doesn't get how the market works right now and that his ideas about what things are worth don't match what others think.
He plans to sell everything and give the money back to the people who invested.
Before this, Burry was known for making big bets, like betting against the housing market and against Tesla, and he also sold his shares in the meme stock GameStop before it became hugely popular.
Michael Burry, famous for 'The Big Short,' is closing his hedge fund, Scion Asset Management.
The fund's registration with the SEC was terminated on November 10, 2025.
Burry cited a lack of understanding of the current market and being out of sync with valuations as reasons for closure.
Scion Asset Management managed investments, and Burry is liquidating the fund to return capital to investors.
Burry has a history of making significant market predictions and bets, including against the 2008 housing crisis and Tesla.
- Who
- Michael Burry, founder of Scion Asset Management
- What
- Shutting down his hedge fund, Scion Asset Management, and terminating its registration.
- When
- Registration terminated on November 10, 2025.
- Where
- United States
- Why
- Burry stated he 'doesn’t understand today's market' and that his valuations are out of sync with market conditions.
Michael Burry's Perspective
Criticism/Disagreement with Burry's Strategy
Market Understanding and Strategy
Michael Burry's Perspective
Burry is closing his fund because he 'doesn’t understand today's market' and feels his valuations are out of sync. He made a significant bet against the housing market in 2008, which was later depicted in 'The Big Short'. He also had bearish put options on Tesla and sold his stake in GameStop before its major rise.
Criticism/Disagreement with Burry's Strategy
While not a direct opposing statement, the article notes that Burry sold his stake in GameStop before its meteoric rise, indicating he missed out on a significant gain. His put options on Tesla were also a bet against the company's valuation.
- Investor
- Michael Burry
- Fund Name
- Scion Asset Management
- Action
- Termination of SEC registration and fund liquidation
- Termination Date
- November 10, 2025
- Reason for Closing
- Does not understand the current market; valuations out of sync
- Notable Past Actions
- Bet against 2008 housing market, shorted Tesla, sold GameStop shares before surge
