Renowned investor Michael Burry, known for his role in “The Big Short,” is reaping the benefits of the recent surge in Chinese stocks.
Scion Asset Management, led by Burry, has allocated nearly half of its portfolio to investments in Chinese tech giants such as Alibaba.
The uptick in Chinese stocks can be attributed to the country’s recent stimulus efforts, including interest rate
This week’s rally in Chinese stocks comes as great news for hedge
Burry took a bold stance on Chinese stocks starting in the fourth quarter of 2022,
Recent filings reveal that Scion Asset Management, managing approximately
Alibaba holds the top spot with a 21% share of Burry’s portfolio. Notably, he continued to increase his stake in Alibaba during the second quarter by 24%.
In addition to Alibaba, Burry has sizable investments amounting to 12% each in Baidu and JD.com. Collectively…
2024-09-26 22:27:43
Source from finance.yahoo.com
