Scion Asset Management Minimum Investment (2024)

FAQs

What is the minimum investment in Scion asset management? ›

For Scion G7 and Scion G7 Offshore funds – which serve as feeders into the Scion Master G7 funds – the firm generally requires a $1.5 million minimum investment. For the Scion Value G7 fund, however, the firm requires a minimum account size of $500,000.

Scion Asset Management's average return in the last 12 months was 23.12%. What was Scion Asset Management's average return in the last 3 years? Scion Asset Management's average return in the last 3 years was 30.42%.

In order to invest with Scion Asset Management as an individual, one needs to have enough to buy into a fund. The fund with the lowest minimum is the Value Fund, which generally requires an investment of at least $500,000.

As of late 2023, Michael Burry still captains Scion Asset Management, his second investment firm, which he founded after shuttering Scion Capital in the aftermath of his wildly successful bet against the housing market prior to the financial crisis of 2007–08.

A minimum investment is the smallest dollar or share quantity that an investor can purchase when investing in a specific security, fund, or opportunity. A hedge fund, for example, may require that their clients deposit at least $100,000 with the firm. Or, a mutual fund may require at least $3,000 to be invested.

Through his hedge fund, Scion Capital, he shorted subprime mortgage-backed securities, earning a staggering 489% return between 2000 and 2008. After the success of his housing market short, Burry transitioned to a more traditional value investing approach, focusing on undervalued stocks across various sectors.

Scion Asset Management 13F holdings

Scion Asset Management has disclosed a total of 16 security holdings in their (2024 Q1) SEC 13F filing(s) with portfolio value of $103,486,463.

Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million.

One of the most profitable hedge funds of all times, Citadel generated $16 billion in profits for its investors in 2022, and earned $65.9 billion in net gains since 1990, making it the top-earning hedge fund ever.

Despite the millions Burry made for himself and his investors, he faced substantial criticism, leading him to shut down his original hedge fund, Scion Capital, in 2008. Partly driven by public reaction to his strategy and a desire to explore other investment ventures, he made this decision.

What is Dr. Michael Burry doing now? ›

He's taking a more traditional route with his Saratoga, California-based hedge fund, Scion Asset Management, buying up shares of established stocks and exiting non-productive put options. Related: Sign up for stock news with our Invested newsletter.

Michael Burry's Selling Shouldn't Cloud Your View

The “stock-specific development” hinted at above is his month's news that famous investor Michael Burry's Scion Asset Management sold the entirety of its ORCL stock position during the quarter ending March 31, 2024.

It depends on the firm you choose. Many firms offer a wide range of services and may require a minimum investment of $25,000 to $250,000 or more. Some firms only cater to ultra-high-net-worth individuals, while others cater to smaller investors with investment minimums as low as $5,000.

There's no minimum income you must earn before you can invest. But it's important for your long-term financial security to set aside money for emergencies and to have debt under control. Once you've put those plans into action, you're ready to invest.

Any minimums in terms of investable assets, net worth or other metrics will be set by individual wealth managers and their firms. That said, a minimum of $2 million to $5 million in assets is the range where it makes sense to consider the services of a wealth management firm.

1 2 Hedge fund general partners and managers often create high minimum investment requirements. It is not uncommon for a hedge fund to require at least $100,000 or even as much as $1 million to participate.