David Einhorn Laments At Greenlight Annual Dinner: In 2018 “We Weren’t Right About Anything”Rupert Hargreaves
Last year, David Einhorn's Greenlight Capital recorded one of the worst losses in its 23-year history.
As has been widely reported over the past few weeks, Einhorn's flagship fund lost -34.3% in 2018 substantially underperforming the S&P 500, which lost -4.4% for the year. 2018 was the year "we weren't right about anything," Einhorn told his partners at the hedge fund's 23rd annual partner dinner.
If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019 whichever comes first!
According to his presentation at the dinner, all but two of Greenlight's positions moved against the hedge fund in 2019. When the dust settled at the end of the year, only Micron and Twitter had produced a positive gross return according to a copy of the presentation that ValueWalk has been able to review.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.