Overview of the Global Currency Reset Process and Financial History
Einhorn's Greenlight Extends Decline to 34% in Worst Year
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 percent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5 billion. With redemptions and losses, it may start 2019 with less than $5 billion under management.
Greenlight’s largest holdings as of Sept. 30 included homebuilder Green Brick Partners Inc., insurer Brighthouse Financial Inc. and aircraft leasing firm AerCap Holdings NV, which each declined more than 25 percent during the fourth quarter.
Einhorn has been a steady critic of Tesla Inc. and a prominent short-seller of the stock. In November, he told investors the third quarter “will be as good as it gets” for the electric-car maker, which slid in December but was up 26 percent over the last three months of the year.
https://www.bloomberg.com/news/articles/2019-01-01/einhorn-s-greenlight-extends-drop-to-34-in-worst-year-on-record
not tracking the hedge funds but might be useful / doesn't hurt to put it in the notables just because some anons pay attention to this and have a mental tracking of such things.
Also Einhorn's Greenlight was famous for its consistently historical good returns. not so much these days which defintely indicate a shift in the markets and the way of the game. they are not the only one facing this challenge