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Scion was up 55%. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. By the end of 2004, he was managing $600 million and turning money away." [6] Burry was able to achieve these returns partly by ...
His fund Scion Capital returned nearly 500% in less than eight years. Taking the time to cultivate good habits will yield incredible results. As one popular saying goes:
In 2000, Gotham Capital helped Michael Burry create his hedge fund Scion Capital by buying 25% of its capital for one million dollars after taxes. [9] 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 the 12 months before September 2024, Scion quadrupled both its Alibaba and JD.com stakes. It went from owning 50,000 Alibaba shares worth $4.4 million to 200,000 shares worth $21.2 million.
Scion Capital broadly shrank its exposure to the stock market in the third quarter, according to its new SEC filing, selling 76% of the stocks it disclosed at the end of the second quarter.
As of December 31, 2010, Fairfax had total assets of approximately $31.7 billion, and its revenue for the prior twelve months was approximately $6.2 billion. Since Watsa took over, the company book value per share has compounded by 23% per year, [11] while the common stock price has followed the growth at 19% per year.
Joel Greenblatt achieved annual returns at the hedge fund Gotham Capital of over 50% per year for 10 years from 1985 to 1995 before closing the fund and returning his investors' money. He is known for investing in special situations such as spin-offs, mergers, and divestitures.
S&P Global Inc (NYSE:SPGI) reported quarterly adjusted EPS of $3.89, which beat the analyst consensus estimate of $3.64 and represented a 21% increase year over year. Quarterly sales were $3.575 ...