Greenlight Up 3.4% In October

Nov 2 2010 | 2:43am ET

Greenlight Capital returned 3.4% last month, according to a reinsurer led by Greenlight's David Einhorn.

Greenlight Capital Re, which invests almost all its premiums with New York-based Greenlight, said its portfolio is up 7.8% on the year. The firm identified Greenlight's largest long positions as Arkema, CIT Group, Ensco, gold and Vodafone Group.

Nearing double-digits for the year is especially impressive for the $7 billion hedge fund, which found itself in the red as recently as July, until a 4.1% jump in August brought it back into the black.


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