Scion Capital was a hedge fund founded by Michael Burry, an investor known for his early prediction of the 2008 financial crisis. Established in the early 2000s, the fund focused on value investing, seeking undervalued stocks and opportunities in the market. The fund gained significant attention after its successful bets against the subprime mortgage market, which were later depicted in the book and film, The Big Short. Scion Capital ultimately closed in 2008, but its legacy continues to influence investors and highlight the importance of thorough market analysis.