Friday, 19 September 2014
Last updated 10 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.