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David Einhorn’s Greenlight Capital Plans to Take in New Client Money

  • Greenlight’s assets are said to decline to $2.5 billion
  • Fund climbed 11% so far in January after losing 34% last year
David Einhorn
David EinhornPhotographer: Andrew Harrer/Bloomberg
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David Einhorn’s Greenlight Capital had $1.7 billion in clients withdrawals last year as the hedge fund posted its biggest annual loss in its history.

It was a remarkable plummet for Einhorn, who started this year with $2.5 billion, down from more than $6 billion a year ago, according to a person familiar with the firm. The fund’s 34 percent loss from a variety of bad bets accounts for the rest of the asset drop.