Suspicious Theranos Test Didn’t Stop Fund’s $96 Million Buy-In

Reuters

‘Big Short’ Burry exits bearish bets on Tesla, Google

Fund manager Michael Burry of “The Big Short” fame exited bearish bets on Tesla Inc, Alphabet Inc’s Google, and fund manager Cathie Wood’s ARK Innovation fund last quarter, according to SEC filings released on Monday. Burry, whose bets against mortgage securities in the run-up to the 2008 financial crisis were featured in Michael Lewis’ 2010 book “The Big Short,” and who now runs $638 million Scion Asset Management, exited out of put options on slightly more than 1 million shares of Tesla, a snapshot of his portfolio as of Sept. 30 showed.