Greenlight Reopens After 6.8% Surge In First Quarter

May 30 2012 | 12:52pm ET

After turning away new investors for more than three years, Greenlight Capital is welcoming them once again.

The New York-based hedge fund reopened to investors in the first quarter, it told clients in a letter yesterday. And, perhaps encouraged by the hedge fund's 6.8% return in the first three months of the year, would-be investors took advantage of the opportunity, helping push assets up 6% on the quarter.

A "high percentage" of the inflows went into the dollar-denominated share class of Greenlight's Gold Fund, the firm said. Greenlight now has $7.8 billion in assets under management.

Greenlight credited both its longs and shorts for its returns in the first quarter, citing bets on Apple Inc. and Seagate Technology and against the Japanese yen and Diamond Foods.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of