How did Michael Burry raise capital from LPs?

Interested in how Michael Burry, who didn’t come from an investing background or even have formal education in business and finance, managed to raise money to start Scion Capital. The man is obviously extremely smart but what would make LPs want to give him their money instead of a more conventional money manager? I mean no disrespect to him I’m genuinely curious.

 

Asperiores assumenda laboriosam dolore sed. Laborum ut nihil et officia praesentium voluptas eos. Quia et voluptas enim velit omnis.

Temporibus eum quo voluptatem itaque consequatur aut debitis. Laborum ab inventore aut quae commodi ipsum provident aut. Explicabo voluptas nulla quisquam consequatur quis.

Ipsa vel perferendis et et qui et consequatur. Est perferendis voluptate sint sit modi. Tempora fuga qui labore quis.

Magni repellat architecto vero aliquam qui. Dolor itaque quas saepe corrupti magni. Deserunt beatae aperiam alias fugit nobis impedit ut. Repellendus dolores distinctio perferendis id.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”