By Is Scion Capital still in business?
Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management….Scion Asset Management, LLC – Michael Burry – Latest 13F Holdings, Performance, AUM.
| Reporting Period | 2021-06-30 |
|---|---|
| Form | 13F |
| Security | CXW / Corecivic Inc |
| Shares | 1,300,000 |
Why did Michael Burry close Scion?
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. Burry is best known for being amongst the first investors to foresee and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
What is Michael Burry net worth?
Burry, with a personal net worth of over $300 million, is one of the most successful money managers in the world.
How much 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 …
What is Scion value?
Burry’s Scion had a portfolio valued at $315 million as of June 30, according to 13F filings.
Is Michael Burry shorting Tesla?
Michael Burry, best known for shorting the 2007 mortgage bond market, has raised his bet against Tesla and placed a new bet against Cathie Wood’s Ark Invest, regulatory filings show.
How much did Michael Burry short Tesla?
Burry, through his hedge fund, Scion Asset Management, now owns a $534 million short position in Tesla, Inc.
Is Michael Burry short Tesla?
TESLA, INC. Burry first revealed he was shorting Tesla last December, tweeting at the time that he felt the company’s stock valuation was “ridiculous.” Scion’s regulatory filing also revealed a short position in Ark Innovation ETF, a fund managed by prominent investor Cathie Wood.
Is big short a true story?
Is The Big Short Based on a True Story? The Big Short, based on a non-fiction book by Michael Lewis, chronicles the real lives and actions of several financial-industry professionals in the mid-2000s—against the backdrop of the rise and then dramatic collapse of the real estate market.
How do I join Scion Capital?
You’ll generally have two options if you’re interested in opening an account with Scion Asset Management. If you live near Saratoga, you can stop by the firm’s office to speak with a representative. You can also set up an appointment with a financial advisor by calling the firm at (408) 441-8400.
How much did scion make in 2008?
Burry, the founder and boss of Scion Asset Management, made $750 million in profits for his investors and $100 million personally when his bet against subprime mortgages paid off in 2007 and 2008. He was portrayed by Christian Bale in the movie adaptation of Michael Lewis’ book.
What price did Michael Burry short Tesla?
Michael Burry of ‘Big Short’ fame reveals $530 million bet against Tesla. Powered by strong sales and its first annual profit, Tesla shares jumped more than eight times last year and hit a record high of $883 per share in January.