TX Capital’s 50% Gain Boosts David Einhorn’s FOF In 2019

Greenlight Masters, the fund of funds managed by value investor David Einhorn returned 11.1% net of fees and expenses in 2019. While this was below the S&P 500’s return of 31.5%, it fell within the Masters the long-term annual return goal of 10% to 15%. Since its inception in 2002, the Masters fund has produced an annualized return of 7%. That’s according to a copy of the firm’s fourth-quarter and full-year letter to investors, which has been reviewed by ValueWalk. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. It has…