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Founding and managing Scion Asset Management Michael James Burry ( / ˈ b ɜːr i / ; born June 19, 1971) [ 2 ] is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
In October 2006, Gotham's investment in the funds managed by Scion amounted to $100 million. [9] Gotham exited its investments both in the managed funds by Scion Capital and as a shareholder. [9] In 2008, Gotham Asset Management, LLC was created as "the successor to the investment advisory business of Gotham Capital". [1]
Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023. [8] Assets and structure.
In August 2019, Michael Burry's investment firm Scion Asset Management sent a letter to GameStop executives urging the company to engage in a $238 million stock buyback. The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop.
Hedge fund manager Senvest Management, which had previously bought a five percent stake in GameStop when shares were at $10, made a profit of $700 million, exiting its position after Elon Musk tweeted "Gamestonks!". [117] [113] Asset manager BlackRock had a roughly 13-percent stake in GameStop, which was worth $2.6 billion at the peak. [118]
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
Hamblin Watsa Investment Counsel Ltd. HWIC was founded in 1984 and provides asset management for all of Fairfax's subsidiaries [26] Cunningham Lindsey provides insurance claims services (43.6%-owned) [27] [28] MFXchange, established in 2002, provides technology services for Fairfax and the insurance industry. [29] Group Re
Trump Golf Links at Ferry Point: Trump assumed management of this New York City-owned golf course in 2015. [278] The management contract was sold to Bally's Corporation in 2023. [279] Trump Plaza: After closing in 2014, the 34-story hotel and casino building fell into disrepair and was dynamited in 2021. [280]