[Michael Burry Suspected of Deregistering Hedge Fund Scion Asset Management]
On November 13, Michael Burry, the prototype of 'The Big Short,' was suspected of deregistering his hedge fund Scion Asset Management with the U.S. SEC and hinted at releasing major news on November 25, though the specifics remain unclear. Burry posted an image on social media showing Scion's SEC registration status as terminated, while a letter dated October 27 outlining the fund's closure has been circulating on social media, though its authenticity has not been verified. The SEC deregistration may indicate that Burry plans to convert Scion into a family office. Additionally, Burry clarified his short position on Palantir, stating that he spent approximately $9.2 million purchasing options, with the options set to expire in early 2027.