Dec
28
Hedge Funds Struggle With Steep Losses and High Expectations
By
Left: David Einhorn of Greenlight Capital. Right: William Ackman of Pershing Square Capital Management.CreditBrendan McDermid/Reuters; Eduardo Munoz/Reuters
When David Einhorn, the founder of Greenlight Capital, plays host to his investors at the American Museum of Natural History in January, his guests will sip cocktails and dine under a 94-foot blue whale in the Milstein Hall.
William A. Ackman will hold court one week later, at the New York Public Library at Bryant Park, where investors in his Pershing Square Capital Management will mingle in the historic halls of marble, wood and gold…
Hedge Funds Struggle With Steep Losses and High Expectations
