Investor in the "Downgrade Game" said he did not leave the market after the fund deregistered

American financier Michael Burry, who predicted the 2008 global financial crisis and made money from it, said that he is still active on financial markets despite the deregistration of his hedge fund Scion Asset Management. The character in the movie "The Downgrade" said he was happy to be freed from the need to publicly disclose assets because this reporting created "massive misinterpretations." Investors will now be deprived of the opportunity to copy the strategies of the iconic "bear," who lastly disclosed short positions in Nvidia and Palantir.

"I am still managing my own capital and active in the markets," the "Downgrade Game" protagonist said in an email to Bloomberg. Burry said Scion Asset Management "has always been a fund for friends and family." "I didn't promote it or treat it like most [industry participants]. I wasn't looking to grow assets by bringing in investors I didn't know personally. I did not want the problems I encountered when I first joined Scion Capital," he wrote.

"I am pleased to be free of the regulatory burden and massive misinterpretations generated by my reporting," Burry noted. - Scion Asset Management is not closing, as this entity also serves me to manage other investments. It is no longer a registered investment advisor (RIA) and no longer manages funds for outside investors."

Burry closed his first fund, Scion Capital, in 2008 after a successful play on the stock market against the US mortgage bubble, the collapse of which triggered the global financial crisis. The financier opened Scion Asset Management in 2013. Since then, the fund's transactions have been actively monitored by market participants, and Burry himself has become a cult figure on social media. After deregistration, Scion Asset Management no longer has to disclose data on its assets on a quarterly basis.

In early November, Burry disclosed in Scion Asset Management's statutory filings that he was betting on a decline in the shares of Nvidia and Palantir Technologies. A few days later, the financier accused the big cloud service providers - hyperscalers - of artificially understating the costs of rapid hardware obsolescence in their data centers.

On Nov. 17, Burry published a chart showing that the current surge in investment amid the artificial intelligence boom is comparable to the peaks before the dot-com and U.S. mortgage bubble collapsed. Burry accompanied this chart with a vague hint: "Continued on Nov. 25 or sooner."

This article was AI-translated and verified by a human editor