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Greenlight Warns That the Bull Market Could Be on Its Last Legs
David Einhorn’s value-driven fund is positioned for a “problematic economic environment.”
David Einhorn’s Greenlight Capital has become decidedly bearish.In its first-quarter letter, signed by the firm and obtained by Institutional Investor, the value-driven hedge fund painted a pessimistic picture, citing rapidly rising inflation, Russia’s invasion of Ukraine, the lingering effects of Covid-19, and other global developments.“We have war, pestilence, famine, and
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