Greenlight Nudges Net Exposure Lower, Keeps Faith in Recession Call

Despite three straight months of losses, David Einhorn is sticking to his bearish stance.

Stephen Taub August 11, 2025

Greenlight Capital turned much more bearish in the second quarter.The hedge fund headed by David Einhorn had already been lukewarm about equities for some time, anticipating a recession. As of the end of June, the firm had ratcheted up its short book exposure from 67

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