Greenlight Capital was roughly flat in July, in what was the best month for stocks since November 2020.
The value-driven hedge fund was up a mere 0.1 percent for the month, compared with 9.1 percent for the S&P 500.
Greenlight’s underperformance, however, was not surprising or unexpected, given that the firm headed by David Einhorn has been bearishly positioned all year.
