Yes, Michael Burry is liquidating his hedge fund, Scion Asset Management, and returning capital to outside investors by the end of 2025.
Key Facts:
Deregistration: Scion Asset Management's registration status with the U.S. Securities and Exchange Commission (SEC) was officially marked as "terminated" on November 10, 2025.
Investor Letter: In a letter to investors dated October 27, 2025, Burry stated, "With a heavy heart, I will liquidate the funds and return capital - but for a small audit/tax holdback - by year's end".
Reasoning: Burry explained his decision by saying his "estimation of value in securities is not now, and has not been for some time, in sync with the markets". This follows his recent warnings of market bubbles, particularly in the AI sector.
Future Plans: Deregistering allows him to operate as a family office, managing only his own capital and avoiding the public reporting requirements and client obligations of a hedge fund. He also hinted at "much better things Nov 25th" in a social media post.”!