Greenlight Dodges a Bullet With a Slight Loss in January

David Einhorn’s fund benefited from one of its sizable new long positions.

Christopher Goodney

Christopher Goodney

Christopher Goodney/Bloomberg

It’s official: Greenlight Capital avoided the market mauling in January.

The value-driven long-short fund headed by David Einhorn lost a mere 60 basis points — or less than 1 percent — last month, according to a person who has seen the results. This compares with the S&P 500, which despite posting sharp gains in the final two days of the month still fell 5.3

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