David Einhorn's Greenlight Capital funds were up 11.9% for 2021, compared to the S&P 500's 28.7% return. Since its inception in May 1996, Greenlight has returned 1,882.6% cumulatively and 12.3% net on an annualized basis.
Q4 2021 hedge fund letters, conferences and more
The fund was up 18.6% for the fourth quarter, with almost all of that return coming from the long book. However, Greenlight also turned a profit on its shorts and macro positions. The S&P 500 returned 11% in the fourth quarter.
Greenlight management said the macro environment remains favorable for them, but it "feels like the tailwinds are picking up speed." They have also started...
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