What hedge fund does Michael Burry own?

Scion Capital
Michael James Burry (/ˈbɜːri/; born June 19, 1971) is an American investor, hedge fund manager, and physician. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments.

How much money did Michael Burry make in the big short?

Long story short, because this is a long movie; the American economy collapsed, 5 trillion dollars was lost, eight million people lost their jobs, six million lost their homes, Jared Vennett made $47 million in commissions, Mark Baum’s team made $1 billion and Michael Burry made $100 million for himself and $700 …

Does Michael Burry have a fund?

Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. Most recent portfolio value is calculated to be $ 2,081,933,000 USD.

How much is Scion asset management worth?

Currently, Scion Asset Management’s portfolio is worth at least $137 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Is Michael Burry still short Tesla?

Burry, through his hedge fund, Scion Asset Management, now owns a $534 million short position in Tesla, Inc. Since his position on Tesla, Inc.

How much did Jamie and Charlie make in the big short?

How Charlie Ledley and Jamie Mai turned $110,000 into almost $130 million – miltonfmr.com.

Why is Tesla stock dropping?

The electric-car maker’s stock was down likely for two primary reasons: a bearish day for the stock market overall and some comments from Tesla CEO Elon Musk over the weekend about how rolling out self-driving-like features for its vehicle fleet has been more difficult than expected.

What puts Did Michael Burry buy on Tesla?

On Monday, it was revealed that Burry’s Scion Asset management now has 1.1 million put options on Tesla worth around $731 million. Burry’s New Bet: Also disclosed on Monday was Burry’s 235,500-put option against Ark Innovation ETF (NYSE: ARKK), the popular ETF led by Cathie Wood.

Why is Tesla stock price dropping?

Most of the declines can be traced back to inflation and a rotation out of high-growth stocks. The Nasdaq Composite, home to many richly valued high-growth stocks, is down about 2% since Tesla hit its 52-week high. The Dow, home to many old-economy companies, is up more than 10% over the same span.

Why is Tesla dropping?

Tesla shares dropped more than 5% Thursday after a report said the company’s vehicle orders in China steeply declined last month. It is also dealing with a public relations backlash there following some high-profile vehicle crashes, price changes and quality complaints from Chinese customers.

What kind of investing does Dr.Michael Burry do?

In the article, Dr. Michael Burry describes his investment philosophy and exactly how he went about picking stocks. Basically, Burry is a big time value investor and follows many of Ben Graham’s and Warren Buffett’s strategies, including: Of course, Michael Burry went and put his own spin on their ideas.

Why did Michael Burry close his hedge fund?

As the ending of the movie showed, even after making outsized gains during the financial crisis, Mr. Burry soon closed his hedge fund, Scion Capital LLC, due to the continuous redemption pressure he faced from his investors while betting against the housing market.

Why did Michael Burry name his company Scion Capital?

After shutting down his website in November 2000, Burry started the (now defunct) hedge fund Scion Capital, funded by an inheritance and loans from his family. The company was named after Terry Brooks ‘ The Scions of Shannara (1990), one of his favorite novels. Burry quickly earned extraordinary profits for his investors.

How much did Michael Burry make from his predictions?

Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to be allowed to withdraw their capital. Eventually, Burry’s analysis proved correct: he earned a personal profit of $100 million and a profit for his remaining investors of more than $700 million.