India, Nov. 14 -- Michael Burry, the investor famed for his bold bet against the U.S. housing market in 2008, has taken a major step by deregistering his hedge fund Scion Asset Management as of November 10, 2025.

The deregistration means that Scion is no longer required to file public regulatory disclosures with the Securities and Exchange Commission(SEC). As of March 2025, the fund managed roughly $155 million.

According to MarketWatch, he has publicly voiced concerns that the current surge in artificial-intelligence-linked tech valuations may reflect a speculative bubble. On his social media account, he said of his pivot, "On to much better things Nov 25th".

This story is being updated.

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