Hedge Funds Jana, Greenlight Report Gains in May

(Reuters) Prominent hedge fund managers David Einhorn and Barry Rosenstein both reported gains in May, signaling that some firms beat the broader stock market, which last month posted its best returns since January.

Rosenstein’s Jana Partners fund gained 3.1 percent in May, with returns of 2.8 percent for the first five months of 2018, according to a performance report seen by Reuters. Einhorn’s Greenlight Capital boasted a 3.6 percent gain last month, slimming his decline for the year to down 12 percent, also according to a report seen by Reuters.

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