Greenlight Masters Up 5.8% YTD With Gains In Lonestar

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Greenlight's fund of funds vehicle, Greenlight Masters, notes the weakness in biotechnology and internet companies that were clear over the first half of the year. In a quarterly letter reviewed by ValueWalk, the managers of Greenlight Masters said that funds that are heavily exposed to growth names was severely hit by this rotation in the markets.

However, it appears from the letter that the Masters fund has escaped the worst of these falls. The fund is up 5.8% YTD. Greenlight Masters welcomed Joe Euler as an analyst, who has previously worked at Novus Partners and Cambridge Associates.

A fund of funds uses its assets...