Sunday, 21 December 2014
Last updated 1 hour ago
Jul 30 2013 | 11:07am ET
Greenlight Capital remains a believer in gold, despite its reinsurance arm's move to reduce its exposure to the precious metal.
Greenlight Capital Re, which invests its premiums with the hedge fund, said its commodity holdings had fallen by almost half in the second quarter, both due to the precipitous drop in gold's price and its sale of some physical gold holdings. But in a conference call for the reinsurer, Greenlight chief David Einhorn said that his bullish views on gold have "not changed."
Einhorn said Greenlight had equal exposure to both physical gold and to gold miners, and that it was unhedged.
Einhorn also reiterated his faith in General Motors, saying it is "poised for rapid earnings growth," and remaining committed both to Apple Inc. and to his short bet against Green Mountain Coffee Rosters.
Greenlight Capital Re said its investments made 2% in the second quarter.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.