How Good Are Greenlight's Stock Picking Skills? A Look At Returns By Sector

Industry-Specific Security Selection – Greenlight Capital by AlphaBetaWorks Insights Managers Are Skilled in Specific Areas, Seldom Excellent at Everything Investors typically treat all ideas of excellent managers with equal deference. This is usually a mistake – even the most skilled managers are seldom equally skilled in all areas. Skilled managers may derive all of their risk-adjusted performance from a few specific areas, and under-perform in others. Greenlight Capital – Long Equity Security Selection David Einhorn’s Greenlight Capital is one of the best-known value hedge funds. The long-term performance of the fund has attracted a media and investor following. Many analysts advocate buying…