Hedge Fund News From HedgeCo.Net

Hedge fund manager Einhorn increases Apple bet, praises plan to return capital

Mercury News – David Einhorn’s Greenlight Capital has added to its investment position in Apple (AAPL) and is waiting for the company’s “next blockbuster product,” Einhorn said Tuesday.

In a conference call for his Cayman Islands-based reinsurer Greenlight Capital, Einhorn did not specify when the hedge fund added to its Apple position or the size of its current holdings. At the end of 2012, the $8.8 billion Greenlight Capital held 1.3 million Apple shares, according to a regulatory filing. At the market close on Monday, the shares were worth about $600 million.

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