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David Einhorn's Greenlight Capital Misses August Rally
The New York-based firm's three hedge funds posted scant gains on the month, despite the U.S. stock market's rally, as two of the firm's high-profile short positions worked against it.
David Einhorn, Greenlight Capital (Bloomberg)David Einhorn’s New York-based hedge fund firm Greenlight Capital missed August’s market move altogether. The firm’s three main funds gained between 0.2 percent and 0.4 percent for the month. This compares with a 3.8 percent jump in the S&P 500, the closely-followed index’s best August performance in
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