David Einhorn Builds Big Stake In Greek Bank

Greece has been a popular location for value investors over the past couple of years. Dan Loeb, Seth Klarman are among famous investors who have bet big on Greece (we have an exclusive on Baupost out tomorrow, sign up for our newsletter to ensure you do not miss it). David Einhorn's Greenlight Capital Re, Ltd. (NASDAQ:GLRE) appears to have joined club. According to new information posted on Greenlight Capital RE's website,  Alpha Bank A.E. (ADR) (OTCMKTS:ALBKY)  is now one of David Einhorn's top five largest positions.

The position is not new for Greenlight Capital. David Einhorn announced the position in Q213 stating:

Despite mostly reducing the...