Greenlight Surged in August

The surprising reasons why David Einhorn’s hedge fund was up so much last month.

David Einhorn (Kholood Eid/Bloomberg)

David Einhorn

(Kholood Eid/Bloomberg)

Greenlight Capital posted a huge gain in August, in what was otherwise a lousy month for stocks.

The value-driven hedge fund firm headed by David Einhorn surged 5.7 percent last month, at a time when most of the major market indices were down between 4 percent and 5 percent, according to a person who has seen the results.

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