David Einhorn’s Greenlight Capital returned an impressive 36.6% net and 42.3% gross for 2022, dramatically outperforming the markets and many other hedge funds. The S&P 500 plunged 18.1%. Greenlight has managed a 12.8% annualized return since inception versus the S&P’s 8.9% annualized return over the same timeframe. Benefiting From The “Mega-Bubble” In his year-end letter for 2022, which was obtained by ValueWalk, Einhorn described the year as “exceptionally good for them” and their “best ever” in many ways. In fact, he compared it to 2001, the year after the last technology bubble popped. That comparison is quite apt, as demonstrated…
Einhorn’s Greenlight Capital Has Been Shorting The ‘Mega-Bubble’: Here Are The Results
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.