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Posted

I would guess Michael Burry is not too happy about this.

 

I felt Michael Lewis treated the guys at Cornwall Capital almost like a bunch of yahoos.  Recognized they made money but almost due to blind luck.  Am I the only one who read it that way?

Guest 50centdollars
Posted

I would guess Michael Burry is not too happy about this.

 

I felt Michael Lewis treated the guys at Cornwall Capital almost like a bunch of yahoos.  Recognized they made money but almost due to blind luck.  Am I the only one who read it that way?

 

I didn`t really think that. Maybe the first few trades seemed like they were lucky but not the credit default swaps. They probably received a lot of AUM because of the book and will probably receive even more after the movie comes out.

Posted

It's amazing to think what Michael Burry lived through.  Greenblatt sets him up and backs him with the fund.  The big short Burry puts on isn't working and Greenblatt is upset and as it plays out gets more upset and wants him to get out of the position.  Burry holds the position.  Ultimately, it works.  I can't imagine what that must have been like.

 

If Burry is starting another fund, I am surprised.  Wouldn't think he would want to take in outside investors.  I wouldn't think he would need the headache. 

Posted

I don't think he is running a fund, other than his own money.

He pretty much said as much, didn't need the headaches.

he actually did start a new fund

http://blogs.wsj.com/moneybeat/2013/06/20/fund-star-from-crisis-looks-to-raise-money-again/

Looks like he is managing about $175M (2014).

However, I could not find any 13Fs.

;)

 

Peter,

 

Where did you find that $175M number?

 

Thanks,

 

AtlCDore

 

http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_landing.aspx?SearchGroup=Firm&FirmKey=167772&BrokerKey=-1

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