Scion's Burry Plans Comeback

Jun 21 2013 | 11:52am ET

Michael Burry, who made his name betting against subprime mortgages and as a figure in two major books about Wall Street, is set to launch a new hedge fund.

Burry shuttered his Scion Capital five years ago, having earned investors nearly 500% over its eight-year lifespan. But Burry has now set up Scion Asset Management and is seeking as much as $200 million for the new vehicle.


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