Greenlight Has a Merry Month of May

David Einhorn’s firm grew 3.6 percent despite being only 14 percent long. One notable short: fracking company Pioneer Natural Resources.

David Einhorn’s Greenlight Capital surged 3.6 percent in May. As a result, the New York hedge fund firm is back in the black, up 1.4 percent for the year.

The Standard & Poor’s 500 was up 1.1 percent for the month.

Greenlight’s strong performance came despite the firm’s being only modestly exposed to the long side.

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