Without an automatic 1% asset management fee, the Scion Value Fund's expense ratio will generally be no greater than 1%.
Unresolvable The public record could not settle it.
Prediction: Statements about events outside the person's control, checked once they fell due: did they come true?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
This is a prediction about the Scion Value Fund's expense ratio in periods after the statement. True: the fund's reported total expense ratio is 1% or less in all, or nearly all, reported periods after the statement. Mostly true: it is at or below 1% in most periods, with one minor exceedance (within 0.1 percentage point). Mixed: it exceeds 1% in about half of the reported periods. Mostly false: it exceeds 1% in most periods, or only slightly exceeds 1% throughout. False: it is consistently and clearly above 1% (more than 1.1%). If the fund reported no expense ratio after the statement (for example because it had closed or deregistered), the claim cannot be resolved.
Set before the research began.
Evidence (10)
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E1 Michael Burry Portfolio: 2026 Stocks, Shorts, and Puts Luminix (market research site) · 16 October 2026
“In a letter to investors dated October 27, 2025, Burry said he would liquidate the funds and return capital (aside from a small audit/tax holdback) by year-end,”
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E2 Michael Burry’s Scion fund is deregistered, SEC filing shows Yahoo Finance (Singapore edition) · 13 November 2025
“Michael Burry's Scion Asset Management has terminated its registration status with the SEC.”
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E3 Scion Asset Management, LLC — 13F Holdings & Michael Burry | R40 R40
“Burry winds down the ~$155M fund and deregisters with the SEC in November, naming Phil Clifton as successor.”
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E4 The Real Big Short: Michael Burry's Wealth, Crises, and Predictions ABAB News · 24 June 2026
“Scion did not charge the high standard management fee common in the industry; instead it charged only actual expenses, usually below 1% of assets.”
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E5 Michael Burry Portfolio: 2026 Stocks, Shorts, and Puts Luminix (market research site) · 16 October 2026
“There is no Scion 13F for Q4 2025 or any quarter of 2026. Trackers that still show a “latest 13F” are recycling the November 3, 2025 filing.”
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E6 Michael Burry Portfolio: 2026 Stocks, Shorts, and Puts Luminix (market research site) · 16 October 2026
“In a letter to investors dated October 27, 2025, Burry said he would liquidate the funds and return capital (aside from a small audit/tax holdback) by year-end”
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E7 The Real Big Short: Michael Burry's Wealth, Crises, and Predictions ABAB News · 24 June 2026
“Reuters and the SEC IAPD page indicate that Scion Asset Management terminated its registration in November 2025; Reuters also says the fund managed around $155 million according to a March 2025 filing.”
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E8 The Real Big Short: Michael Burry's Wealth, Crises, and Predictions ABAB News · 24 June 2026
“Scion did not charge the high standard management fee common in the industry; instead it charged only actual expenses, usually below 1% of assets.”
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E9 ’Big Short’ Michael Burry de-registers Scion Asset Management Investing.com · 12 November 2025
“Investing.com-- Investor Michael Burry, famous for calling the 2008 financial crisis, appeared to have de-registered his hedge fund, Scion Asset Management, from the Securities and Exchange Commission this week.”
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E10 ’Big Short’ Michael Burry de-registers Scion Asset Management Investing.com · 12 November 2025
“A letter from Burry to Scion’s investors outlining its closure, dated October 27, also appeared to be circulating on social media, although Investing.com was unable to immediately verify the authenticity of the letter.”
Reasoning
Independent reports say Scion Asset Management deregistered with the SEC in November 2025 (E2, E7, E9). Reporting on an October 27, 2025 investor letter says the funds were to be liquidated and capital returned by year-end (E1, E10), and E5 says there is no Scion 13F filing for Q4 2025 or any quarter of 2026. E4 says the fund historically charged only actual expenses, "usually below 1%", but this describes the past, not any period after the statement. The evidence shows no expense ratio reported after the statement, and in that case the criteria say the claim cannot be resolved.
Cite this claim
Michael Burry, “Without an automatic 1% asset management fee, the Scion Value Fund's expense ratio will generally be no greater than 1%.” (said 2025). Verdict: unresolvable. Reliability API, claim c_6b97248c4b6c, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_6b97248c4b6c
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More prediction claims by Michael Burry
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Mostly false
“All personal income taxes collected in a year do not so much as add up to $1 trillion dollars, and yet by 2020 interest expense on our national debt alone could exceed $1 trillion.”
US interest expense on the national debt alone could exceed $1 trillion by 2020.
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Resolved true
“Today, I expect the US government to attempt to continue easy money policies into the next presidential term”
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Mixed
“I imagine the shares of these companies, in most cases, will become very boring before they become attractive again.”
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Mostly true
“Less leverage and lower returns on assets are now in the cards.”
Less leverage and lower returns on assets are now likely for financial institutions.
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Resolved true
“The S&P 500 could easily finish the year in the negative, dragging many investment funds – too many of which are crowded into the same “value-but-for-a-dire-economy” trades – down with it.”
Verdicts are made automatically; how verdicts are made.