Some Of Einhorn's Gold Calls Mets Neighbor

Jun 6 2011 | 1:14pm ET

A piece of the New York Mets may not be David Einhorn's most valuable investment in the New York City borough of Queens.

Einhorn's hedge fund, Greenlight Capital, is storing some of the hundreds of millions of dollars in gold bullion it owns in a secured facility in Queens, Reuters reports. It also houses some of its physical gold in HSBC's vault in Manhattan, and has pledged some of its gold as collateral in a deal with Goldman Sachs.

Greenlight launched a dedicated gold fund last year that has about $556 million in assets under management; the firm itself manages $7.8 billion.

Einhorn is currently negotiating the terms of his purchase of a one-third stake in the Mets.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...