Mike Burry’s portfolio restructuring suggests that the well-known investor is expecting a major correction.
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(Photo: AP)
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Düsseldorf Mike Burry caused a stir with his bet against Tesla shares. The star investor is not only expecting prices to fall at the e-car manufacturer: He is also betting on a sell-off of small caps and falling bond prices. This emerges from the positions of his hedge fund Scion Asset Management, which Burry has to report quarterly to the US Securities and Exchange Commission.
Burry was once famous for foreseeing the financial crisis in the mid-2000s and successfully betting on a collapse in the real estate loan market in the United States. The events were later filmed in the Hollywood film “The Big Short”.
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