Connect with us

Hi, what are you looking for?

Jewish Business News


Einhorn on Pace for Second Losing Year out of 19

TIME 100 Gala,   TIME'S 100 Most Influential People In The World - Cocktails


Over the 19-year history since David Einhorn founded Greenlight Capital, the fund has only had one losing year. That impressive record looks like it is going to take a bit of a hit this year as the fund is down considerably this year.

Through the end of November, the company’s main fund is down 20.6 percent on a year to date basis. It would take a small miracle for the fund to make up that loss in only one month. The only other year in which the fund took a loss was during the financial crisis in 2008 when it lost 23 percent. This means that not only is Einhorn facing his second losing year, he is potentially looking at the worst yearly loss for his fund.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The biggest culprit behind the losses is SunEdison, the wind and solar power company which was one of its largest holdings. SunEdison gained approximately 70 percent during the first six months of the year, but it started to collapse in the second half and is down approximately 90 percent from its July high.

This article was first published at HedgeCoVest by Research Analyst Rick Pendergraft




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.