David Einhorn
David Einhorn is the founder and manager of the activist hedge fund Greenlight Capital. Greenlight has $4 billion in assets and boasts annualized returns of 27% going back 10 years. Einhorn has been quoted as saying, "We take the traditional value investor's process and just flip it around a little bit. The traditional value investor asks 'Is this cheap?' and then 'Why is it cheap?' We start by identifying a reason something might be mispriced, and then if we find a reason why something is likely mispriced, then we make a determination whether it's cheap." In addition, Einhorn finished eighteenth in the World Series of Poker in 2006.
Einhorn made headlines in spring-2008 related to his short sale on Lehman Brothers (NYSE: LEH). Einhorn questioned the level of the investment bank's write-downs related to the credit crunch.
Greenlight Capital Re, Ltd. (NASDAQ: GLRE) reports ...
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GRAND CAYMAN, Cayman Islands, Nov. 2, 2009 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) today announced financial results for the third quarter of 2009. Greenlight Re reported net income of $32.3 million for the third quarter of 2009 compared to a net loss of $118.4 million for the same period in 2008. The net income per share on a fully diluted basis was $0.88 for the third quarter of 2009, compared to a net loss per share of $3.29 for the same period in 2008. Fully diluted book value per share was $17.62 as of September 30, 2009, a 22.5% increase over $14.38 per share as of September 30, 2008. For the nine months ended September 30, 2009, net income was $152.3 million compared to a net loss of $89.6 million for the same period in 2008. On a fully diluted basis, net income per share was $4.16 for the ...
GRAND CAYMAN, Cayman Islands, Oct. 28, 2009 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE), a specialist property and casualty reinsurer based in the Cayman Islands, today announced that it will release financial results for the third quarter 2009 on Monday, November 2, 2009. A live conference call to discuss the financial results will be held on Tuesday, November 3, 2009 at 9:00 a.m. Eastern time. Conference Call Details Greenlight Re will hold a live conference call to discuss its financial results for the third quarter of 2009 on Tuesday, November 3, 2009 at 9:00 a.m. Eastern time. The conference call title is Greenlight Capital Re, Ltd. Third ...
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Investors Trust Names Alan Brooks as New Member of Its Board of Directors
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Investors Trust Names Bryan Murphy as New Member of Its Board of Directors
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Value Manager Joel Greenblatt Launches Online Money Management Firm Formula Investing at 5th Annual New York Value Investing Congress
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StreetInsider.com's Best of the Web 10/8
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A.M. Best Affirms Ratings Greenlight Reinsurance, Ltd.
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Einhorn Discusses Shorts On Moody's (MCO) and Now McGraw-Hill (MHP)
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Einhorn's Greenlight Capital Loads Up On Pfizer (PFE), Moves Out of Gold ETF (GLD)
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Credit Suisse Initiates Coverage on Greenlight Capital Re (GLRE) with a Neutral
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Buffett Losses Faith in Moody's (MCO), Sells 8 Million Shares Over the Past 3 Days
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Einhorn's Greenlight Capital Moves Gold Holdings Into Bullion From ETFs (GLD)
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Moody's (MCO) volatility low into investor day and short sellers
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Moody's (MCO) Falls After David Einhorn Said He's Short
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Smart Money Makes BIG Bets That Inflation Is Coming (GLD, GDX, OIH)
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Einhorn's Greenlight Capital Continues to Build Gold Position (GLD, GDX), Raises EMC Stake, Gets Long PFE/WYE Merger
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Einhorn's Greenlight Capital Adds To EMC (EMC), Pfizer (PFE) Longs, Buys More Ford (F) Debt
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Hedge Fund King John Paulson Getting Long Gold Through $1.3B Stake In AngloGold Ashanti (AU, GLD)
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Einhorn's Greenlight Capital Shows New Large Stakes In Two Beaten-Down Stocks: HAR and JNY
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Top 10 News Items 2/17-2/20: Obama Unveils Housing Plan; Financials Continue Getting Smashed; GM Asks for Additional $4.5B
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Einhorn's Greenlight Gets Very-Long Gold (GLD, GDX), Also Likes Solar (JASO, WFR) and Other Energy (AYE, PCX, PTEN)
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Sprott Says U.S. Depression Will Double Gold Prices
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I'd Like To Personally Welcome David Einhorn To The "Gold Bug" Club
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Quarterly Data Confirms Hedge Funds Exited Stocks In A Big Way
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Loeb's Third Point 13F; Shows New Stakes in BUD, C, CVS, MER, WEN, UST, Sells Out of MA
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Ackman's Pershing Square 13F; Shows New Stakes in Visa (V) and MasterCard (MA)
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October Hammers Several Hedge Funds
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Greenlight Capital (GLRE) Reports Large Q3 Loss
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Could The Porsche-Volkswagen Squeeze Cause Some Hedge Funds To Go Bankrupt?
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Some Hedge Funds Still Raising Money-SAC, Greenlight, Elliott Mgmt & Brevan Howard
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Bad Volkswagen Trade Adds To Greenlight Capital's Recent Woes
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StreetInsider.com Reporting From Value Investing Congress Today
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Unusual 11 Mid-Day Movers 10/1: AGM, NCC, ABK, EFJI Higher; GLRE, PNX, SLM, GNW Lower
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Greenlight Capital Re (GLRE) Reports Preliminary Q3 Results
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David Einhorn Warning On Lehman Brothers (LEH) Proves Correct
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Bill Ackman Cashes In On Fannie, Freddie Short (FNM, FRE)
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Einhorn's Greenlight Capital Shows Stakes in Teradata (TDC) and Unitedhealth (UNH), Cuts Microsoft (MSFT) Stake
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Loeb's Third Point Buys Into Starwood (HOT) and Tibco (TIBX), Dumps Yahoo! (YHOO)
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Einhorn's Greenlight Capital Discloses 9.56% Stake in Fifth Street Finance (FSC)
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Lehman (LEH) Shares Flirt With Bear Stearns Armageddon Levels
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After Profitable Lehman Short, What Else Is David Einhorn Trading? Health Mgmt (HMA), Patriot Coal (PCX), Microsoft (MSFT) Among Others
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Greenlight Capital Objects to Reorganization of MI Developments (MIM)
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Obrem Capital Boosts Stake In Micrel (MCRL), Requests Special Meeting to Replace Board
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Following Einhorn: Walgreen (WAG) Looks Like a Good Buy
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MI Developments (MIM) Announces Rescheduling of Greenlight Capital Appeal Hearing
