According to CNBC, Michael Burry has deregistered Scion Asset Management with the Securities and Exchange Commission. The termination took effect November 10, 2025. Burry manages $155 million in assets as of March 2025.

The investor sent a letter to clients on October 27 outlining his decision. The Irish Times reports Burry stated his "estimation of value in securities is not now, and has not been for some time, in sync with the markets." He plans to liquidate funds and return capital to investors by year end.

Burry posted on social media platform X that he would move "on to much better things Nov 25th." The cryptic message has fueled speculation about his next venture. Scion Asset Management did not respond to requests for comment.

Why This Decision Matters

Burry's exit comes during a period when bearish investors face resistance from markets. The investor previously closed his original fund, Scion Capital, in 2008 after profiting from housing market bets. He relaunched as Scion Asset Management in 2013.

His recent investment positions attracted attention from both media and company executives. The fund held put options on Nvidia worth approximately $187 million and Palantir positions valued around $912 million as of September 30. Burry later clarified he spent $9.2 million on 50,000 Palantir put contracts.

The timing coincides with market concerns about technology valuations. AI-related stocks account for 75 percent of S&P 500 returns since November 2022, according to J.P. Morgan Asset Management. Burry has criticized major cloud providers for extending depreciation schedules on computing hardware, potentially inflating reported earnings.

Broader Implications for Investment Management

Deregistration allows Burry to operate without filing quarterly reports with regulators. Investment advisers managing over $100 million must register with the SEC. The move suggests a potential transition to a family office structure.

According to Asset Vantage, the global number of single-family offices rose to approximately 8,030 in 2024, up from 6,130 in 2019. This represents a 31 percent increase. Family offices managing wealth for a single family face fewer regulatory requirements than traditional hedge funds.

The conversion trend reflects investor preferences for privacy and operational flexibility. Family offices can pursue longer investment horizons without pressure from external clients. They also avoid quarterly performance reviews and detailed public disclosures that registered funds must provide.

Burry joins other prominent short sellers facing challenges. Hindenburg Research closed operations in 2025 after high-profile investigations. Veteran investor Jim Chanos has also publicly debated company valuations with executives. The environment has become difficult for investors expressing bearish views during extended market rallies.

Further Reading

For deeper insights into global adoption trends, our Alternative Financial Systems Index tracks regulatory frameworks and adoption metrics across 50 countries. The index provides data on how different jurisdictions approach financial innovation and market oversight.