The man who predicted 2008 crisis exits the market — here’s what we know

Michael Burry, the famed investor who predicted the 2008 housing crash, has de-registered his hedge fund, Scion Asset Management, according to filings with the U.S. Securities and Exchange Commission (SEC).

Source Investing.com

Burry posted a screenshot confirming Scion’s registration termination, adding that something “big” is coming on November 25. A letter allegedly sent to investors suggests Scion is being wound down, though its authenticity remains unverified.

The move likely means Burry plans to convert Scion into a family office, freeing him from SEC reporting requirements. He also revealed a $9.2 million position in Palantir options, expiring in early 2027 — signaling he may be preparing for another strategic market play.