Einhorn Boosts Apple Stake, Praises Capital-Return Plan
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Hedge fund manager David Einhorn said he increased his bet on Apple Inc. and that the iPhone maker took a “major step forward” by issuing debt so it could return cash to investors.
Einhorn anticipates more innovations from the Cupertino, California-based technology company, he said on a conference call today held by his Greenlight Capital Re Ltd. reinsurer.