Greenlight’s Short Bets Paid Off in May

The long-short firm preserved most of its early-year gains in a rough month for stocks.

 David Einhorn, Greenlight Capital (Alex Flynn/Bloomberg)

David Einhorn, Greenlight Capital

(Alex Flynn/Bloomberg)

David Einhorn’s Greenlight Capital funds lost just 1.4 percent in May in a month when the Standard & Poor’s 500 Stock Index fell 6.6 percent and the Nasdaq Composite fell about 8 percent.

As a result, the firm’s long-short funds are still up an impressive 17 percent for the year to date, according to an individual familiar with its results.

The

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

Related