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 .
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nypost - 🏆 91. / 67 Read more »