An investor from "Short Game" will help launch a new short-selling fund
Michael Burry will join Minerva Investment Management as an advisor
Burry will join Minerva as a senior advisor / Photo: Jim Spellman / WireImage
Investor Michael Burry, who made his fortune by accurately predicting the global financial crisis and served as the inspiration for the protagonist in the movie *The Big Short*, will take on the role of senior advisor at the investment firm Minerva Investment Management. Burry announced this on the social media platform X.
As part of Minerva, Burry will work on launching a new fund focused on short positions (betting on a decline). Burry will collaborate with Lakshmi Ganapati, founder and head of Unicus, a research firm that is part of Minerva.
The new fund is scheduled to launch within a month, Unicus wrote on X. The company specializes in short selling; and its “bearish” recommendations have included shares of automaker Faraday Future, used-car e-commerce platform Carvana, cloud computing company Snowflake, pharmaceutical company Moderna, and online brokerage Robinhood, Reuters notes.
Context
Burry closed his hedge fund, Scion Asset Management, at the end of 2025. He now shares investment ideas in a paid newsletter on Substack dedicated to financial markets, under the pseudonym Cassandra Unchained.
An investor who gained fame for predicting the 2008 mortgage crisis has recently been actively criticizing the artificial intelligence sector. In particular, he accuses major AI infrastructure operators and chip manufacturers of extending equipment depreciation periods to smooth out their financial results, according to Reuters. Among his “bearish” positions are Nvidia and Palantir: Burry reported in September that he had sold all put options on the securities of these two companies expiring in December 2026, choosing not to roll them over to a later date to avoid asset depreciation as the expiration date approached.
Burry also criticized the idea put forward by Dario Amodei, CEO of Anthropic—the world’s most valuable AI startup—to slow down the development of AI. The investor believes that talk of slowing down by AI company executives serves their own interests, as competition is rapidly intensifying. Furthermore, Anthropic and OpenAI need the hype and self-promotion to carry out their potentially record-breaking IPOs, Burry said.
This article was AI-translated and verified by a human editor
