Benzinga·2025-11-19 07:48Core Viewpoint - Michael Burry, renowned for predicting the 2008 financial crisis, has de-registered his hedge fund Scion Asset Management but clarified that it remains active in the markets [1][2]. Group 1: Scion Asset Management Status - Scion Asset Management is still operational and will be used for other investment ventures, despite no longer being a Registered Investment Adviser (RIA) [2]. - Burry expressed relief at being free from the compliance burdens associated with being a registered advisor [2]. - The fund has primarily functioned as a "friends and family fund," with Burry not actively promoting it or seeking to grow its assets through new investors [3]. Group 2: Investment Strategies and Market Insights - Burry has taken significant bearish positions against Palantir Technologies Inc. and Nvidia Corp., reaffirming these bets in recent communications [4]. - He likened his investment strategy involving MOH stock and PLTR puts to "peanut butter and bananas," indicating a specific pairing of investments [4]. - Burry has raised concerns about the current AI investment boom, suggesting it parallels the 2000 Dot-Com bubble, as evidenced by a chart showing that net capital expenditure as a percentage of nominal U.S. GDP is at a peak [5]. Group 3: Market Reactions - Following Burry's insights, the futures of major indices such as the S&P 500, Nasdaq 100, and Dow Jones were trading lower, reflecting market reactions to his bearish outlook [7].