Greenlight Re

David Einhorn’s firm loses 1.8 percent in the first quarter and 2.6 percent in March, and reduces its long position.

David Einhorn played much better defense in May than the team he is about to buy into. The Greenlight Capital hedge fund manager—who is on the verge of becoming a major investor in the sloppy New York Mets — was up 0.3 percent in May. This was better than the S&P 500, which lost 1.13 percent for the month.