Just prior to the opening of the Fund, I was approached by two interested parties neither of whom I solicited who separately expressed an interest in owning a part of Scion Capital, LLC. I am not receiving compensation for it (other than from Seeking Alpha). [6] Hedge Funds are a controversial breed of companies. The use of CDSs can be seen as an interesting twist on Burrys ick investing. It flips the typical pattern of investing against undue negative perception. Scion Asset Management, LLC is a private investment firm founded and led by Dr. Michael J. Burry. December 9, 2016 at 4:29 PM. By comparison, shorting Treasuries seems like a no-brainer. You might include commodities as one asset in a long-term portfolio that you intend to use for a future goal, such as income to help you fund your retirement. 13-F filings are notoriously opaque, but what I can say from scanning the filings is that Burry appears to be betting a significant portion of his fund against Tesla and Treasuries. , esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. How much is Scion asset management worth? Scions #2 holding as of Dec. 31 was Alexander & Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel You can short Bitcoin futures at the Chicago Mercantile Exchange (CME), the world's biggest derivatives trading platform, and on cryptocurrency exchanges. . This has had the effect of increasing the expense ratio for the rest of us. Since it is much more volatile, commodity trading is very speculative, involves a high degree of risk, and is designed only for sophisticated investors who are able to bear the loss of more than their entire investment. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The Scion boss penned a letter to the company's directors in August 2019, arguing the low stock price and massive short interest suggested a lack of faith in management, and calling for a massive share buy-back. It could take this bet into the billions of dollars.
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