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 environment had been "favorable" for Greenlight since early...
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