Michael Burry of ‘The Big Short’ fame made Chinese internet companies his top bets last quarter

Michael Burry, best known for calling the subprime mortgage crisis, reshuffled his investment portfolio last quarter, making Chinese internet stocks among his top holdings, according to a new regulatory filing released Wednesday. Burry's hedge fund, Scion Asset Management, increased its bet on Alibaba in the second quarter, making it his biggest holding, worth more than $11 million. He also hiked his bet on Chinese search engine Baidu to position worth some $6.5 million.

Burry was depicted in Michael Lewis' book " The Big Short " and the subsequent Oscar-winning movie of the same name. The noted investor had piled into a physical gold trust in the first quarter, making it his biggest bet, but he exited that position entirely by the end of June after owning more than $10 million of the Sprott Physical Gold Trust .

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Manhattan is becoming a 'buyer's market' — blame people fleeing to FloridaBig incomes, big behinds with big portfolios are moving to big nothing Florida, which has big alligators but small taxes.
Fuente: nypost - 🏆 91. / 67 Leer más »