Einhorn’s Greenlight Fund Drops 2.3% in First Half
- Einhorn’s fund gained 1% during June, investor update shows
- Investment firm trails market and peers with main hedge fund
David Einhorn
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Greenlight Capital, the investment firm led by David Einhorn, made 1 percent in its main fund in June, trimming losses as its year-to-date returns lag behind the stock market.
The hedge fund, which mainly wagers on stocks, trailed the broader market and its peers in the first half of the year. The Greenlight fund dropped 2.3 percent in 2017 through June, while the S&P 500 Index returned about 9.3 percent, including reinvested dividends, according to an investor update seen by Bloomberg News. The average equity-focused hedge fund rose 5 percent this year through May, based on the HFRI Equity Hedge Index.