Greenlight Suffers Loss Despite Big Gains From Its Long Positions

Last month’s woes were not surprising as David Einhorn has positioned the fund conservatively all year.

economic crisis stock chart falling down business global money bankruptcy concept

Credit: coffeekai/Getty Images/iStockphoto

Greenlight Capital suffered another setback in November thanks to its overall skepticism of the stock market’s elevated valuations. The value-driven long-short fund headed by David Einhorn lost 1.8 percent last month and is up just 9 percent heading into the final month of the year.

Last

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

Related