David Einhorn Has Made a Lot of Bad Bets — And One Very Good One
- Greenlight’s flagship is flat this year thanks to Green Brick
- The fund has lost 34% since 2015 after years of strong returns
This article is for subscribers only.
It’s been a tough year for David Einhorn, one-time enfant terrible of hedge funds.
In fact, it’s been a tough six years: his flagship fund has lost 34% since the start of 2015. But after so many missteps, Einhorn, 52, still has one big thing going for him, and it starts in Plano, Texas. It’s called Green Brick Partners Inc., and it’s been propping up the otherwise-shaky returns coming out of Einhorn’s loss-ridden Greenlight Capital.