Aside from the ruckus over the mysterious financial blogger who recently disclosed David Einhorn’s major long bet in Micron Technology, Inc. (NASDAQ:MU), we have another bit of news on the well-known hedge fund manager. Einhorn’s fund Greenlight Capital is betting against one of the UK’s largest online real estate portals Rightmove Plc (LON:RMV). Einhorn’s first bet against an online company The company operates an online portfolio of commercial and residential properties on its website, rightmove.co.uk. Companies which operate similar business include U.S.-based Zillow Inc (NASDAQ:Z) and SouFun Holdings Limited (NYSE:SFUN). Einhorn first disclosed his short position at the end of February, which has since…
Einhorn Bets Against Online Real Estate Company Rightmove
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.