Greenlight Down In March, First Quarter

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.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note