The Stock Market Had Its Best Quarter in Decades. Greenlight Barely Participated.

David Einhorn’s hedge fund firm was only slightly up for the quarter after losses in April and June.

David Einhorn (Andrew Harrer/Bloomberg)

David Einhorn

(Andrew Harrer/Bloomberg)

Call it a June swoon.

David Einhorn’s Greenlight Capital dropped another 5 percent last month. As a result, the value-driven long-short manager’s flagship fund is down 20 percent for the year.

This compares with a 5.3 percent gain for the Nasdaq Composite, 1.5 percent for the S&P 500, and 1.3

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