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A Hedge Fund Manager’s Crusade To Expose Losses

NPR News- The people who run hedge funds can be famously secretive about their work. Not David Einhorn.

Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming it was losing more money than it admitted. He turned out to be right.

Now he’s written a book, Fooling Some of the People All of the Time, about his six-year battle against another company, Allied Capital. Einhorn says the experience shows how the media and financial regulators can sometimes fail investors.

Each May, hundreds of Wall Streeters show up at the Ira Sohn Investment Research Conference in New York’s Lincoln Center. They pay up to $3,200 each for the chance to hear advice from big investors like Carl Icahn and Wilbur Ross.

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