Greenlight Capital, the investment firm led by David Einhorn, saw its main hedge fund rise 1.9 percent in February and 3.3 percent year to date, according to an e-mail sent to clients that was obtained by Bloomberg.

The fund outperformed the Standard & Poor’s 500 Index, which declined 0.1 percent in February and is down 5.1 percent for the year, including reinvested dividends.

Greenlight is trying to bounce back from its second-biggest decline ever in 2015, when the main fund lost 20.4 percent. The fund, which started in 1996, has averaged annual gains of 16.5 percent.

Jonathan Gasthalter, a spokesman for Greenlight with Sard Verbinnen & Co., declined to comment on the performance.

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