New York (HedgeCo.net) \u2013 Over the 19-year history since David Einhorn founded Greenlight Capital, the fund has only had one losing year. That impressive record looks like it is going to take a bit of a hit this year as the fund is down considerably this year.<\/p>\n
Through the end of November, the company\u2019s main fund is down 20.6% on a year to date basis. It would take a small miracle for the fund to make up that loss in only one month. The only other year in which the fund took a loss was during the financial crisis in 2008 when it lost 23%. This means that not only is Einhorn facing his second losing year, he is potentially looking at the worst yearly loss for his fund.<\/p>\n
The biggest culprit behind the losses is SunEdison, the wind and solar power company which was one of its largest holdings. SunEdison gained approximately 70% during the first six months of the year, but it started to collapse in the second half and is down approximately 90% from its July high.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 Over the 19-year history since David Einhorn founded Greenlight Capital, the fund has only had one losing year. That impressive record looks like it is going to take a bit of a hit this year as […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-50847","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50847","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50847"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50847\/revisions"}],"predecessor-version":[{"id":50848,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50847\/revisions\/50848"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}