Hedge Fund News From HedgeCo.Net

Greenlight Capital’s David Einhorn Says Hedge Fund Has ‘Never Underperformed Like This’

(CNBC) David Einhorn’s Greenlight Capital suffered its worst performance ever relative to the S&P 500 last month. “As the market shifted from ‘grind-up’ to ‘straight-up’ in January, our long portfolio only rose about half of S&P 500, while our short portfolio more than doubled the index,” Einhorn said on a conference call Wednesday. Shorts refer to bets against market gains.

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