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David Einhorn’s Hedge Funds Gain 0.5% in August With Markets Rallying

  • Greenlight Capital now down 17% for first eight months of 2020
  • Firm took a new stake in Atlas Air in the second quarter
Updated on

David Einhorn’s Greenlight Capital hedge funds rose slightly in August even as U.S. stocks extended their rally.

The funds climbed 0.5%, the third positive month for Greenlight in 2020. But the gains weren’t enough to erase losses for the year, with the funds still down 17%, according to a person with knowledge of the matter who asked not to be named because the information is private. The HFRX Global Hedge Fund Index, an early indicator of industry performance, rose about 1.4% last month, bringing year-to-date returns to 1.7%.