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As Markets Surged in August, Greenlight Barely Budged

The value-oriented hedge fund firm headed by David Einhorn is still down 17 percent for the year.

Amid a tough year for the hedge fund, Greenlight Capital eked out a 0.5 percent gain in August —  but that pales in comparison with the Standard & Poor’s 500 stock index’s 7 percent gain for the month, its best August performance since 1986, according to Bloomberg.Greenlight is still down

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