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