David Einhorn Picks Hedge Funds Better Than He Picks Stocks

The Greenlight Capital founder’s little-known fund-of-funds is performing well — in sharp contrast to his hedge funds.

David Einhorn (Kholood Eid/Bloomberg)

David Einhorn

(Kholood Eid/Bloomberg)

David Einhorn may be doing a lousy job picking stocks these days — but the founder of Greenlight Capital seems to have a knack for picking the right hedge fund managers.

Einhorn’s little-known fund of hedge funds, Greenlight Masters, has posted double-digit gains for the past two years and outperformed his hedge funds for the past three years on the strength of several managers who have generated big gains.


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