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

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note