Einhorn Hedge Fund Fell 5.2% in November, Set for 2015 LossBy
Greenlight Capital’s main fund is down almost 21% this year
2015 is on track to be the fund’s second losing year ever
David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades.
The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomberg. Jonathan Gasthalter, a spokesman for Greenlight with Sard Verbinnen & Co., declined to comment on the results.
Einhorn’s hedge fund this year has posted its worst performance since the financial crisis in 2008 as its positions in SunEdison Inc., Consol Energy Inc. and Micron Technology Inc. soured. The firm took new positions in the third quarter in Garmin Ltd. and in two share classes of Liberty Global Plc LiLAC, stocks that track Liberty Global Plc’s operations in Latin America and the Caribbean…
Leave a Reply
You must be logged in to post a comment.