Einhorn Is Having a Hedge-Fund Midlife Crisis as Losses Mount
- Greenlight has tumbled 25 percent since the end of 2014
- Clients have pulled about $3 billion over the last two years
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David Einhorn, the one-time hedge-fund wunderkind, likes to remind his headstrong young analysts that he has been around a lot longer than they have.
During the dot-com craziness of the late 1990s, Einhorn tells them, newfangled measures like “eyeballs” and "stickiness” never did add up to profits. In 2008, when many hoped trouble would pass, he brazenly predicted Lehman Brothers would collapse.