The "Big Short" Fund Liquidation Letter Circulating Online
Due to his high-profile short positions on NVIDIA and Palantir, the prototype of the "big short," Michael Burry, has attracted attention. On November 10th, he dissolved his fund company Scion Asset and plans to liquidate the funds and return capital by the end of the year, admitting that his valuation of securities does not align with the market
Recently, due to his high-profile shorting of NVIDIA and Palantir, the prototype of the "big short," Michael Burry, has once again attracted attention.
Overnight, it was reported that Burry had dissolved his fund company Scion Asset on November 10.
There are rumors circulating online about a letter Burry sent to investors at the end of last month, in which he wrote: "With a heavy heart, I will liquidate the funds and return capital by the end of the year—though a small amount will be deducted for auditing/tax purposes."
He almost admitted he was wrong: "My estimates of the value of securities are now inconsistent with the market, and have been for some time."
