Hedge Crunch FinancialDavid Einhorn
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 […]
Greenlight’s Einhorn Bursting Athenahealth’s Bubble
Given David Einhorn’s track record, it makes sense for listeners to pay attention when the founder and president of Greenlight Capital speaks. Einhorn told investors at this year’s Sohn Investment Conference in New York to be wary of bets place on Athenahealth, a stock which has risen by 46 percent year of year and 275 […]
Einhorn Predicts Tech Bubble About to Pop
David Einhorn, head of the $10.3 billion hedge fund Greenlight Capital, is betting that a group of technology stocks based on what he says is increasing evidence that a bubble is forming and about to burst. “There is a clear consensus that we are witnessing our second tech bubble in 15 years,” the New York-based […]
Einhorn Drops Lawsuit After Discovering Blogger’s ID
Head of Greenlight Capital, David Einhorn, has decided to drop the lawsuit he filed to unearth the name of the Seeking Alpha blogger who revealed his fund’s stock positions in advance of a public announcement. Greenlight announced that it “has resolved the matter privately to our satisfaction,” but did not name the indiscreet blogger. Einhorn […]
Einhorn Wants Name of Blabbing Blogger to Bring Lawsuit
David Einhorn, vocal head of Greenlight Capital, wants to know who leaked the name of one of his firm’s investments last year in a blog post published on the financial website “Seeking Alpha.” Mr. Einhorn is angry that an anonymous blogger revealed that Micron Technology was one of his investments, and he wants to go […]