Why deregister Is Trending Today?

Michael Burry, renowned for predicting the 2008 subprime crisis and fighting childhood eye cancer, has announced the deregistration of his hedge fund, Scion Asset Management. Phil Clifton, a long-time employee, has been named as his successor.

Michael Burry, known for his successful prediction of the 2008 subprime mortgage crisis in "The Big Short," has deregistered his hedge fund, Scion Asset Management. The move was confirmed through an SEC filing. Burry, who had recently criticized tech firms like Nvidia, cited personal reasons for the decision, stating that he is moving on to "much better things.