Michael Burry at ‘The Big Short’ New York premiere in November, 2015. Photo: Jim Spellman/WireImage
Niket Nishant and Johann M Cherian in Bengaluru and Nell Mackenzie in London
ReutersYesterday at 19:00
Michael Burry, the investor known for his successful bets against the US housing market in 2008, has deregistered his hedge fund, Scion Asset Management. The Securities and Exchange Commission’s (SEC) database showed Scion’s registration status as “terminated” as of November 10.
Deregistering would imply the fund is not required to file reports with the regulator or any state. Bets by Scion, which managed $155m (€133m) in assets as of March, have long been dissected for hints of looming bubbles and signs of market froth. Investment funds that manage more than $100m of capital are required to register with the US Securities and Exchange Commission.