Michael Burry joins Minerva Investment Management as senior advisor

Michael Burry, the investor immortalized in “The Big Short” for calling the 2008 housing collapse before almost anyone else, has taken on the role of senior advisor at Minerva Investment Management. The new short-biased hedge fund is led by Lakshmi Ganapathi and her team at Unicus Research, a credit analysis and short-selling firm that has been quietly building a reputation with institutional clients since around 2020. For anyone keeping score at home, Burry closed Scion Asset Management in November 2025, which had been managing roughly $155 million earlier that year. His move to Minerva suggests he’s not retiring so much as changing the vehicle. What Minerva is building Minerva Investment Management is being positioned as a dedicated short-biased fund, meaning it will primarily bet on stocks going down rather than up. Unicus Research, the team behind Minerva, reportedly began planning the fund earlier in 2026, driven by demand from large allocators looking for ways to hedge against potential market downturns. The numbers backing Unicus are noteworthy. Since its founding around 2020, the firm has issued 59 short recommendations to investors. All but six of those were reportedly pro...