Investing
Michael Burry’s Hedge Fund Is Betting on Private Prisons
The investor, who predicted the 2008 financial crisis, previously dumped all but one stock.
This article is for subscribers only.
Michael Burry’s Scion Asset Management added new stocks in the third quarter and boosted its bet on private prisons.
The hedge fund run by Burry — who’s best known for betting against the housing market ahead of the 2008 crash — took positions in media conglomerate Qurate Retail Inc., private prison company CoreCivic Inc. and rocket manufacturer Aerojet Rocketdyne Holdings Inc. in the third quarter, according to a regulatory filing Monday.