Top 10 Percentage News Hubb
Advertisement Banner
  • Home
  • Business Management
  • Healthcare Management
  • Wealth Management
  • Contact
No Result
View All Result
  • Home
  • Business Management
  • Healthcare Management
  • Wealth Management
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Wealth Management

Greenlight Climbs 36.6%, Recouping Losses – Validea’s Guru Investor Blog

admin by admin
January 21, 2023
in Wealth Management




Greenlight Capital rose 36.6% in 2022, recouping losses that have plagued the fund since 2015, reports an article in Bloomberg. The $2 billion fund lost 20.4% in 2015 and 34.3% in 2018, but ended last year with a 3.5% gain, according to an anonymous source who is familiar with the fund.



Greenlight Capital was founded by David Einhorn in 1996 and its flagship fund is concentrated on undervalued stocks, which have underperformed in the years leading up to 2022. However, in the wake of last year’s tech rout, value shares have been outperforming growth, giving a much-needed boost to the fund. In a letter to investors last year, Einhorn said he had pivoted from “cautious” to “bearish” in his wagers. One of the most high-profile long bets he made was that Elon Musk would ultimately go through with his pledge to buy Twitter for the $44 billion that he initially agreed to. Musk then devoted months to trying to destroy the deal but ultimately went through with the sale, becoming owner and CEO of the social-media giant before stepping down as the latter in the wake of massive employee walkouts and user dissatisfaction.

Given last year’s big boost to the fund, Greenlight can now reinstate full fees for any investor who weathered the losses suffered by the fund over the last several years, the article reports. While Bloomberg reached out to Greenlight for comment on the fund’s recent performance, the firm’s spokesperson declined to comment.

———————————————

Validea runs stock and ETF models based on investment strategies with proven long-term track records. If you’re new to Validea, consider taking a look at our product overview or introductory videos.





Source link

Previous Post

Employee discipline examples & how to handle them

Next Post

Advisor-Finder Zoe Financial Launches Zoe Wealth Platform

Next Post

Advisor-Finder Zoe Financial Launches Zoe Wealth Platform

Recommended

A new approach to human resources

1 month ago

Floating holidays vs PTO: Differences and benefits

2 weeks ago

Life-centric banking with an analytics edge

2 days ago

Schwab Takes Minority Stake in Dynasty Financial Partners

1 month ago

How to create a company vehicle policy

5 months ago

The netzero emissions transition: Four strategies to help create value

5 months ago

top-10-white

© 2022 Top 10 Percentage News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Business Management
  • Healthcare Management
  • Wealth Management
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Business Management
  • Healthcare Management
  • Wealth Management
  • Contact

© 2022 Top 10 Percent News Hubb All rights reserved.