Who’s Still Investing With David Einhorn?

Roughly three-quarters of the firm’s remaining assets come from two sources: the firm’s reinsurance company, and David Einhorn himself.

Illustration by II (Christopher Goodney/Bloomberg)

Illustration by II

(Christopher Goodney/Bloomberg)

David Einhorn’s plans to open his Greenlight Capital hedge funds to new money in March is fortunate timing for a firm whose assets plummeted by roughly 60 percent last year, falling to just $2.5 billion.

More to the point, only about a quarter of that total comes from investors who are able to redeem at regularly scheduled intervals — meaning that Einhorn now manages less than $1 billion on behalf of the type of investors who would participate in any new capital raise.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.