Greenlight Starts New Year With a Huge Gain

The long-short manager was up by double-digits in January after a 34 percent loss in 2018.

Illustration by II

Illustration by II

Now this is how you start a new year.

David Einhorn’s Greenlight Capital was noticeably upbeat in its year-end letter, despite having suffered a 34 percent loss in 2018. “We have re-underwritten the entire portfolio and we are excited about its current construction,” Einhorn proclaimed in the fourth quarter client letter dated January 22 and obtained by Institutional Investor.

The

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