Greenlight’s Short Bets Paid Off in May

The long-short firm preserved most of its early-year gains in a rough month for stocks.

Stephen Taub June 2, 2019

David Einhorn, Greenlight Capital

(Alex Flynn/Bloomberg)

David Einhorn’s Greenlight Capital funds lost just 1.4 percent in May in a month when the Standard & Poor’s 500 Stock Index fell 6.6 percent and the Nasdaq Composite fell about 8 percent. As a result, the firm’s long-short funds are still up an impressive 17

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