Michael Burry, the investor who famously called the 2008 financial crisis, has quietly added an unusual pick to his portfolio that has nothing to do with tech or healthcare. Scion Asset Management disclosed a new position in SLM Corporation (SLM), better known as Sallie Mae, the student loan giant that has been flying under the radar while most investors chase AI stocks.
The timing is notable given the ongoing debates around student debt relief and higher education costs in America. Sallie Mae specializes in private student loans and has been navigating a complex landscape of regulatory changes and shifting borrower demographics.
