Einhorn's Greenlight Jumps 8% as Factor Reversal Proves Boon
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David Einhorn’s value-oriented Greenlight Capital hedge funds surged in September amid the market’s temporary shift away from long-favored momentum stocks and toward inexpensive equities.
Greenlight gained 8.4% across its funds, bringing returns for the year to a weighted average of 24%, according to an update sent to clients Tuesday.