{"id":49482,"date":"2015-08-05T08:42:48","date_gmt":"2015-08-05T12:42:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=49482"},"modified":"2015-08-05T08:42:48","modified_gmt":"2015-08-05T12:42:48","slug":"einhorns-greenlight-capital-added-to-the-list","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2015\/einhorns-greenlight-capital-added-to-the-list.html","title":{"rendered":"Einhorn\u2019s Greenlight Capital Added to the List"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 Alternative investment firms continue to post poor second quarter results. On Monday, Greenlight Capital RE, the reinsurer headed by David Einhorn, reported a second quarter loss of $39.6 million on revenue of $67.6 million. Shares of the company were down over two percent in Tuesday\u2019s trading and are down almost 20% on the year.<\/p>\n<p>Einhorn addressed the company\u2019s performance on a conference call Tuesday morning, stating &#8220;The overall market environment has become acutely unfavorable for our investment strategy.\u201d<\/p>\n<p>Einhorn went on to say, &#8220;While we could have done better in a couple of spots, we don&#8217;t expect to do well when investors shunned value stocks in favor of momentum stocks. We&#8217;ve experienced this type of dynamic a few times before and in each case, the short-term results been painful for us. As before, we expect that the environment will improve and we will recover.&#8221;<\/p>\n<p>Greenlight joins the likes of Fortress Investment Group, Carlyle Group LP and Blackstone Group as alternative investment firms that have issued disappointing earnings results in the last few months.<\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 Alternative investment firms continue to post poor second quarter results. On Monday, Greenlight Capital RE, the reinsurer headed by David Einhorn, reported a second quarter loss of $39.6 million on revenue of $67.6 million. Shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[8519,227,16212,2055,6787],"class_list":["post-49482","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-blackstone","tag-carlyle-group","tag-einhorn","tag-fortress-investment-group","tag-greenlight-capital"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49482"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49482\/revisions"}],"predecessor-version":[{"id":49483,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49482\/revisions\/49483"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}