Reported 2 months ago
David Einhorn's Greenlight Capital has underperformed the broader market once more in the second quarter, returning 2.8% compared to the S&P 500's 4.3%. In a letter to investors, Greenlight noted unusual market conditions where large-cap stocks diverged from smaller stocks, contributing to underperformance. Despite exiting several long positions, Greenlight is now reestablishing its investment in Capri Holdings amid ongoing merger discussions, which face regulatory challenges. Investors remain cautious about the deal's outcome and the potential risks involved.
Source: YAHOO