Greenlight Posts a Small March Loss
Greenlight’s short-centric portfolio has kept most of the firm’s market-fueled gains in check.
David Einhorn’s Greenlight Capital continued to tread water in March. The long-short hedge fund lost 1.5 percent last month and was down 1.3 percent for the first quarter.
This isn’t particularly surprising. As Institutional Investor has regularly chronicled, the value-driven hedge fund has been very bearish for well over a year and has positioned itself to benefit more when the equity markets decline than when they surge.