Greenlight Continues to Cut Its Exposure

The hedge fund headed by David Einhorn is still bearish.

David Einhorn (Andrew Harrer/Bloomberg)

David Einhorn

(Andrew Harrer/Bloomberg)

In a year of caution, Greenlight has turned even more cautious.

According to its third-quarter letter, obtained by Institutional Investor, the value-driven hedge fund firm headed by David Einhorn had cut its net long exposure to a mere 10 percent as of the end of September.

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

Related