Thursday, 31 July 2014
Last updated 7 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…