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
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.
Get articles and insights from our weekly newsletter.
By entering your email, you agree to our Terms of Service and Privacy Policy.
