Einhorn’s Greenlight Capital Down 20.6% YTD; Loeb’s Third Point Down 0.3%

David Einhorn’s flagship hedge fund, Greenlight Capital, has lost 20.6% this year according to various sources, as key bets against SunEdison and Consol Energy have backfired.

Since its launch in 1996, Greenlight has posted positive returns every year apart from 2008, when the fund was off 22.7%. If Greenlight remains in the red for the rest of the year, it will be only the second time in the fund’s history that’s it has lost money for investors.

Greenlight’s public reinsurance vehicle, Greenlight Re, which reports the performance figures of its equity portfolio on a monthly basis, helps shed more light on the year-to-date performance of Greenlight’s flagship fund. Greenlight Re and Greenlight’s flagship hedge fund have...