Greenlight's December Losses Cost It A Double-Digit Year

Jan 7 2013 | 12:53pm ET

Greenlight Capital's strong 2012 ended on a sour note, with the hedge fund losing 2.8% in the year's last month.

Greenlight's December decline left the firm up 8.3% on the year.

New York-based Greenlight had been up by double-digits. But the firm has been hurt by two of its largest investments, in Apple Inc. and gold. The hedge fund also lost ground on Marvell Technology Group shares.

Despite the losses, Greenlight still handily topped the average hedge fund, which returned in the mid-single digits last year. But it badly lagged the broader markets; the Standard & Poor's 500 Index rose 16% in 2012.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note