Greenlight Misses July Surge

But David Einhorn’s hedge fund is still up by double digits this year.

David Einhorn (Andrew Harrer/Bloomberg)

David Einhorn

(Andrew Harrer/Bloomberg)

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.

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