Tuesday, 31 March 2015
Last updated 13 hours ago
Apr 6 2010 | 9:33am ET
Greenlight Capital shed about 1.5% last month, according to a reinsurer that invests its premiums with the activist hedge fund.
The March drawdown leaves Greenlight Capital Re’s portfolio—essentially, Greenlight Capital—down 1.9% through the first quarter. The reinsurer, where Greenlight Capital head David Einhorn serves as chairman, enjoyed a 32% return last year.
According to the reinsurer, Greenlight Capital’s top five positions were CIT Group, Lanxess, Pfizer and the Vodafone Group, as well as gold.
Greenlight Capital invests primarily in publicly traded North American corporate debt offerings and equities. Founded in 1996, the $6 billion Greenlight Capital also manages a fund of funds and a private equity fund through its affiliates, Greenlight Masters and Greenlight Private Equity Partners. It also operates Greenlight Capital Re, a property/casualty reinsurer.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…