Michael Burry shuts down his hedge fund

Now that the markets have not been behaving in a way that Michael Burry finds logical for some time, he is giving up and liquidating his hedge fund.

Burry was briefly a neurologist before making a name for himself as a value investor in the 1990s. He became truly famous for predicting the U.S. subprime crisis. By going short at the right time, he earned $100 million for himself and $700 million for his clients. He is prominently featured in the 2015 film The big short.

Despite liquidating his hedge fund, Burry continues to invest. He is currently targeting a price drop in the highly valued tech stocks Nvidia and Palantir. He holds a large short position in these stocks and has already incurred significant losses. Will he be proven right again?

Sources: iex.nl, Rob Stallinga, BarChart, The Kobeissi Letter