David Einhorn’s Greenlight Capital was up 8.4% for the second quarter, bringing its year-to-date return to 13.2% for the first half of the year. Meanwhile, the S&P 500 tumbled 16.1% in the second quarter and 20% for the first half. Einhorn reported that their second-quarter performance versus the S&P was the fund’s best relative performance ever. Despite that stellar return, he does not believe value investing is back. Q2 2022 hedge fund letters, conferences and more Why Value Investing Is NOT Back, According To Einhorn In his second-quarter letter to investors, which was obtained by ValueWalk, Einhorn noted that the…
David Einhorn Is Killing It This Year As Most Other Hedge Funds Struggle [Full letter]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.