Greenlight Capital’s Flagship Hedge Fund Falls 2.5% In January

Feb 2 2015 | 9:11am ET

David Einhorn’s flagship hedge fund lost 2.5% in January, according to an investor letter obtained by Bloomberg News.

January negative results were a reversal for the $11.8 billion Greenlight Capital, which finished out 2014 having gained 8% for the year. However, the fund’s January performance still bested the S&P 500, which was down 3.1% last month.

Since its May 1996 inception, the hedge fund has provided an average annual return of 18.9% net.

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