Einhorn Says `Beaten Down' Portfolio Poised for Rebound
- `We should get some recovery,' he says on Greenlight Re call
- Einhorn says short portfolio gained about 7.5% in quarter
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Hedge fund manager David Einhorn affirmed his confidence in some of the stocks that dragged his portfolio to its worst performance since the financial crisis.
“It’s been a challenging environment,” Einhorn said Thursday in a conference call discussing results at Greenlight Capital Re Ltd., the Cayman Islands-based
reinsurer where he is chairman. “We’re optimistic that we should get some recovery from our beaten-down long portfolio.”