Greenlight Hedge Fund Falls 1.1% in April, Extending Decline
- Einhorn laments investment losses on reinsurer earnings call
- Money manager maintains bearish view on Netflix cash flow
David Einhorn
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
David Einhorn’s main hedge fund at Greenlight Capital fell 1.1 percent in April, extending its loss this year to 14.9 percent, according to a client update seen by Bloomberg.
The performance for his value-investing hedge fund strategy compares with a 0.4 percent return for the S&P 500 Index, including reinvested dividends. The HFRX Global Hedge Fund Index, an early indicator of industry performance, was up 0.3 percent in the month as of April 26, paring declines to for this year to 0.8 percent.