Friday, 31 October 2014
Last updated 5 hours ago
Oct 16 2013 | 1:59pm ET
Greenlight Capital surged into double-digits in the third quarter, turning a profit on just about every long bet in its book.
The New York-based hedge fund told clients it earned 4.3% in the third quarter and that it is up 11.8% on the year. "Virtually every long position" Greenlight holds was profitable on the quarter, it said.
The firm also said it had added to its short bet against Green Mountain Coffee Roasters and a "medium-sized" long position in Osram Licht.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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