Greenlight Kept the Pedal to the Metal in May

David Einhorn’s recently embattled firm is enjoying its best year in recent memory.

David Einhorn (Kholood Eid/Bloomberg)

David Einhorn

(Kholood Eid/Bloomberg)

David Einhorn remained on a roll last month.

The value-oriented hedge fund manager’s Greenlight Capital posted a 4.8 percent gain in May and is now up 20.9 percent for the year, according to a person who has seen the results. The Dow Industrials and S&P 500 were essentially flat in an otherwise very volatile month.

Greenlight

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