Einhorn’s Greenlight Fell 6% in October, Paring Gains for Year
- Value-oriented hedge fund firm posts returns in client update
- Money manager, rebounding from 2018 slide, is up 16% in 2019
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David Einhorn’s Greenlight Capital had a losing month in October, paring gains for this year to 16%.
Greenlight, which follows a value-oriented strategy, fell 6.3% across its hedge funds in the month, according to an update seen by Bloomberg. The S&P 500 Index returned about 2.2% with dividends reinvested, while value stocks gained about 1%.