Michael Burry is shutting down Scion Asset Management Can't post images but here's his letter to investors in the fund. "SCION ASSET MANAGEMENT®, LLC October 27, 2025
Dear Investors, With a heavy heart, I will liquidate the funds and return capital but for a small audit/tax holdback by year’s end.
My estimation of value in securities is not now, and has not been for some time, in sync with the markets. With heartfelt thanks, but also with apologies, I wish you well in your future investments.
I do suggest investors contact my associate PM Phil Clifton regarding his coming endeavors. He can be reached at removed and at removed. Phil is a tremendous young talent in the field of investment and the most prodigious thinker I have ever encountered.
Sincerely,
Michael Burry
Portfolio Manager
Source: SEC confirming termination status: https://adviserinfo.sec.gov/firm/summary/167772 https://x.com/sailaunderscore/status/19 ... 70/photo/1
迈克尔·伯里（Michael Burry）宣布关闭他的基金公司 Scion Asset Management，并把资金退还给投资者。
简单来说，Burry认为自己的投资理念已经和当前市场不一致，因此选择关闭基金、退出市场。他会在年底前把资金退还给投资者。这意味着他可能认为当前市场估值过高或风险太大。