Greenlight Misses Market’s April Pop

David Einhorn’s hedge fund captured only a fraction of last month’s rally as defensive positioning capped upside.

Stephen Taub May 6, 2026

Greenlight Capital mostly missed the stock market’s powerful April rally. The hedge fund headed by David Einhorn rose just 60 basis points, or 0.6 percent, last month, extending its gain for the year to 7.2 percent.Greenlight’s investors are likely not surprised given the long-short hedge

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