Investing

David Einhorn’s Greenlight Capital Trails the Market Again

  • Fund gained 2.8% in second quarter, compared to S&P 500’s 4.3%
  • Significant addition in Capri position betting deal will close
David EinhornPhotographer: Alex Flynn/Bloomberg
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David Einhorn’s Greenlight Capital underperformed the broader market again in the second quarter, according to a letter sent to investors.

Greenlight returned 2.8% during that period, trailing the S&P 500 Index’s 4.3% total return as the benchmark rose to record highs.