Friday, 25 July 2014
Last updated 9 min ago
May 2 2014 | 2:14pm ET
Greenlight Capital jumped back into the black in April, as the stocks in its “bubble basket” deflated.
New York-based Greenlight rose 4.3% last month, bringing the $10 billion fund up to 3.1% for the year. Greenlight had been down 1.5% in the first quarter.
Greenlight founder David Einhorn wrote that the market is facing its “second tech bubble in 15 years.” So Greenlight shorted a host of technology and other momentum stocks, profiting when the tech-heavy Nasdaq Composite Index fell 5% in March and April.
Greenlight isn’t bearish about all tech stocks: The firm has long bets on Apple Inc. and Micron Technology, and both paid off, rising 10% or more in April.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…