Hedge Crunch FinancialDavid Einhorn
Greenlight Has Worst Year Since Founding
David Einhorn’s Greenlight Capital posted a 9% loss in December 2018, bringing his yearly decline to a staggering 34%. This is the worst performance since the fund launched in 1996. The year has been an especially challenging one for hedge funds in general, and for Greenlight in particular. As early as last summer Einhorn was […]
Einhorn’s Greenlight Continues Decline
Iconic hedge fund manager David Einhorn continued to see his Greenlight Capital fund decline in value. During the second quarter of 2018 the fund lost 5.4% and an 18.3% loss this year to date. Much of the decline has been due to short bets gone wrong, including Netflix and Athena Health. For a more in-depth […]
Sohn Conference Stars are the “Little Guys”
Another year has passed since the last annual Sohn Investment Conference, the highly anticipated event in which managers big and small present their investment ideas for the coming year. Once again, the most successful investment ideas come from the more modest sources, while the higher profile investors’ ideas are not as profitable. According to a […]
Einhorn’s Greenlight Hits Red Light in February
Performing more poorly than the S&P 500 Index loss of 3.7 percent in February, David Einhorn’s main fund, Greenlight Capital, lost 6.2 percent during the same period for a total downturn of 12.3 percent for 2018. Einhorn explained that his hedge fund was going through its worst performance in its history after losing 6.6 percent in […]
Superstar Hedge Managers Facing Hemorrhaging Funds
The Wall Street Journal reported last week that David Einhorn’s Greenlight Capital lost $400 million from its investor base in response to a depressing 2 percent loss during the first half of 2017. The return of $400 million represents 15 percent of all those who are able to withdraw their stakes in Greenlight, according to […]
Rising Star in Hedge Fund Galaxy Just 28 Years Old
At a time when many hedge fund firms are closing shop, it is noteworthy when a new one enters the marketplace. It is even more eye-catching when the founder is a mere 28 years old. Harvard Business graduate Jamie Sterne launched Skye Global Management with $75 million back in July, after doing a two-year stint […]
Sohn Conference Picks Disappointing
The Sohn Investment Conference is one of the year’s most respected conference for the hedge fund investor and wannabes. Fund managers of means come to support a charity and share their predictions for the coming year. However, it seems the crystal balls from last year were not operating at peak performance, with only two of […]
Greenlight Up 2.9 Percent in February
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 […]
Senator Wyden Seeking to Close Hedge Fund Tax Loophole
Former chairman of the Senate Finance Committee Ron Wyden introduced a proposal to put an end to Hedge Fund tax evasion through what he says is the illegitimate use of a loophole in the tax code. Apparently some hedge funds have been able to avoid paying taxes on their profits for several years utilizing a […]
Hedge Funds Dropping Apple Even as Shares Climb
According to Friday’s mandatory regulatory 13F filings, top US hedge fund firms are reducing, or seriously divesting of their stakes in the wildly successful consumer electronics firm Apple Inc. Philippe Laffont’s Coatue Management sold off 1.2 million shares over the past quarter, but Apple is still the fund’s single largest US holding, with 7.7 million […]