UPDATED Jul 25, 2024
Michael Burry is an American hedge fund manager who founded and runs the private investment firm Scion Asset Management. While other Superinvestors came to prominence through persistent returns over a long timeframe, Michael Burry shot into prominence in the wake of the subprime mortgage crisis that occurred between 2007 and 2010.
Burry is renowned for being one of the first investors to identify the impending subprime mortgage crisis and capitalised on this by shorting the mortgage bond market. The ensuing mayhem that is known as the Global Financial Crisis saw trillions wiped from global markets, however, through his astute research and investing, Michael Burry’s Scion Capital was able to make tens of millions for its investors.
Michael Burry has publicly expressed his bearish views on the market at present, views which have captivated the attention of investors wondering if Burry is once again identifying signals before the wider-market becomes aware.
It is because of his previous track record and persistent contrarian views that we look towards Scion Asset Management’s investing activities with a close eye. This collection will take a look at some of Burry’s most recent additions to his portfolio as we head into an uncertain 2023.
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