Greenlight Up 2.9 Percent in February

March 1, 2016 Marcus Black Company Spotlight

David Einhorn’s Greenlight Capital posted an excellent month in February, rising by 2.9 percent. The total increase for 2016 is 3.3 percent, outperforming the Standard & Poor’s 500 Index. That benchmark index lost 0.1 percent in February, and is down a total of 5.1 percent for the year.

The news was distributed to Einhorn’s clients via e-mail.

Greenlight is desperate for a good year after a devastating performance in 2015. The fund had its second largest losses last year, amounting to a decline of 20.4 percent for the year. Despite last year’s debacle, since the fund’s founding in 1996 it has repaid its clients an average of 16.5 percent per year.

David Einhorn, Greenlight Capital,

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