Jul

David Einhorn: The Market ‘Is Telling Us We Are Wrong, Wrong, Wrong’

After another loss in the second quarter, Greenlight Capital’s funds are down 18.3% this year

Hedge-fund manager David Einhorn told clients Tuesday his funds declined again in the second quarter and attributed the firm’s recent struggles to larger market forces harming investors who avoid expensive shares.

In a letter to clients, the billionaire who runs Greenlight Capital Inc. said his funds are down 18.3% this year, through June, after a 5.3% loss in the second quarter…

Categories : Hedge Funds

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David Einhorn: The Market ‘Is Telling Us We Are Wrong, Wrong, Wrong’

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