Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet
TYLER DURDEN, 17 May 2021
Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its prime brokers in late March), one filing was of particular interest, that of Scion Asset Management’s Michael “Big Short” Burry. And boy were there surprises.
First, there is not even a trace of Burry’s previous interest in Gamestop or any other “Reddit” stocks: it’s safe to assume that all profits there were monetized long ago. In fact, a comparison to Burry’s Q4 2020 13F reveals huge turnover, with just 8 of the fund’s legacy 23 positions as of Dec 31 still on Scion’s Books. Continue reading “Article: Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet”
S&P Dow Jones Indices has settled with the SEC over charges that it published stale valuations of a volatility-related index. 
The Adidas pay scandal is still on-going and new documents released today allege that former Adidas rep, Chris Rivers, paid the family of former Duke star Zion Williamson, as well as other athletes, by laundering money from Adidas through another company that he controlled, per Jason Riley of WDRB.
A Dutch court has agreed to hand over to Poland a gang boss laundering money for Colombian drug cartels.
The Serious Fraud Office will start a criminal probe into Sanjeev Gupta’s GFG Alliance just as the beleaguered British prosecutor faces intense criticism for its inability to secure a high-profile conviction.
The UK government’s online safety bill will “fail to protect millions” by leaving people at risk of falling victim to cloned websites and adverts paid for by fraudsters, experts warned this week.
This time last year, the Swiss National Bank (SNB) had US stock holdings of $94 billion. The portfolio of Switzerland’s central bank has grown by $56 billion since, reporting ownership of $150 billion worth of US listed stocks as at Q1 2021.
Ireland is being swamped by criminal gangs running widespread scams that are raking in millions in profits.
Tycoon Sanjeev Gupta’s commodities empire is being investigated by Britain’s Serious Fraud Office in a probe that encompasses the conglomerate’s links to collapsed lender Greensill Capital, the SFO said on Friday.
Iron ore’s slump from a record accelerated as China ramps up efforts to control prices.
During the second week of May, the French Gendarmerie (Gendarmerie Nationale) with the support of the French Judicial Customs (SEJF) arrested five individuals and seized 250,000 counterfeit cigarettes in a series of raids in the city of Nantes. 