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Burry's Scion Asset Management has put options against Cathie Wood's ARK Innovation ETF

ETFs

Asset Management Correspondent

Star US fund manager Cathie Wood has hit back at renowned hedge fund manager Michael Burry after it was revealed he has made a big bet against her flagship strategy.

Burry — the inspiration behind the Oscar-winning film “The Big Short” after correctly calling the US subprime mortgage crisis — disclosed in a regulatory filing on 16 August that his firm, Scion Asset Management, had put options against the ARK Innovation ETF which were valued at more than $31m during the second quarter.

Cathie Wood hits back at ‘Big Short’ Michael Burry over ARK ETF short

Cathie Wood hits back at ‘Big Short’ Michael Burry over ETF short

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ARK Innovation ETF

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