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.
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Top 10 News Items: M&A Market Heats Up with Intel/McAfee, BHP/Potash Deals, GM Files for IPO
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Ira Sohn Investment Conference Started
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Top 10 News Items 5/17-5/21: Turmoil In Europe Crush the Euro, Leading to Protesting; Senators Approve Sweeping FinReg; Details of 'Flash Crash' Suggest It Was Pure Fear
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Ackman's Pershing Square Loads Up On More Yum Brands (YUM) Brands, Discloses His Kraft (KFT) Position
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Bill Ackman's Pershing Square Q4 13F Breakdown: Takes Some Profit in Target, Adds Positions in Hyatt, Landry's
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Einhorn's Greenlight Capital Loads Up On Pfizer (PFE), Moves Out of Gold ETF (GLD)
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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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Some Hedge Funds Still Raising Money-SAC, Greenlight, Elliott Mgmt & Brevan Howard
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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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After Profitable Lehman Short, What Else Is David Einhorn Trading? Health Mgmt (HMA), Patriot Coal (PCX), Microsoft (MSFT) Among Others