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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.
Burry's hedge fund Scion Capital disclosed Tuesday in a federal filing with the SEC that it had closed out "put" positions on the SPDR S&P 500 ETF and Invesco QQQ Trust (), which tracks the Nasdaq ...
That fund, Scion Capital, also boosted bets on Chinese e-commerce giants Alibaba and JD.com. ... Another hedge fund, AQR, increased its stake in Nvidia by 22%. But it trimmed its holdings in Apple ...
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]
Initially, fellow Silicon Investor members were skeptical that a medical professional knew anything about the stock market. Burry went on to found Scion Capital LLC, an investment fund that managed at its peak roughly $1 billion. [13] Burry correctly predicted the subprime mortgage crisis.
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Fairfax Financial Holdings Limited is a Canadian financial holding company based in Toronto, Ontario, ... [10] and Michael Burry's Scion Capital ...
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management . Founded in Los Angeles , California in 1931, it is privately held and has offices around the globe in the Americas , Asia , Australia and Europe .