Value investing once again fell short for David Einhorn’s Greenlight Capital. The hedge fund gained 13.8% in 2019, but lagged behind the S&P 500’s 31.5% rise, continuing Greenlight’s trend of underperforming Wall Street in recent years. When the S&P 500 shed 7% in 2018, for example, Greenlight plunged 34%—its worst year ever. Read More...
Value investing once again fell short for David Einhorn’s Greenlight Capital. The hedge fund gained 13.8% in 2019, but lagged behind the S&P 500’s 31.5% rise, continuing Greenlight’s trend of underperforming Wall Street in recent years. When the S&P 500 shed 7% in 2018, for example, Greenlight plunged 34%—its worst year ever.
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