(Bloomberg) — David Einhorn’s value-oriented Greenlight Capital hedge funds surged in September amid the market’s temporary shift away from long-favored momentum stocks and toward inexpensive equities.Greenlight gained 8.4% across its funds, bringing returns for the year to a weighted average of 24%, according to an update sent to clients Tuesday.Einhorn, who has remained committed to his strategy of buying beaten-down stocks while shorting growth companies, is in the midst of a resurgence following his worst year on record. His New York-based firm, which oversaw $12 billion at its peak, lost 34% in its main fund in 2018.The fund manager has …read more
Source:: Yahoo Finance
