“Big Short” famed investor Michael Burry, known for predicting the 2008 financial crisis, recently de-registered his hedge fund Scion Asset Management. He has now clarified that it is still active in markets.

Scion Is Still A vehicle To Run Other Investments

According to a Bloomberg report, Burry said that he was “not closing” Scion completely as it was still “active” in markets. Burry noted that he would use it to run other investment ventures.

However, he stated that Scion was no longer a Registered Investment Adviser (RIA) and he was “glad” to be free of the “compliance burden” required to be fulfilled by registered advisors.

Burry also admitted that he did not promote Scion and tried to grow its assets by onboarding more investors, describing it as “essentially a friends and family fund.”

Scion Asset Management was first established in 2013, after Burry closed Scion Capital in 2008, ...