Hedge fund manager Einhorn explains why he lost more than 30% last year: ‘Nothing went right’ (CNBC)

KEY POINTS -All-star hedge fund manager David Einhorn explains in a letter why his hedge funds lost more than a third of their value last year.

-Greenlight Capital, lost 11.4 percent in the fourth quarter, bringing its decline to 34.2 percent in 2018.

-He also decided to reopen his funds to new investments, a move not seen since 2014.

https://www.cnbc.com/2019/01/23/hedge-fund-manager-einhorn-explains-why-he-lost-more-than-30percent-last-year-nothing-went-right.html

Submitted January 24, 2019 at 09:52AM by markyu007 http://bit.ly/2RPRmb5