The Enlightened American (Free subscription) | 19/11/2008
Seth Klarman is one of the more secretive money managers out there so I don’t know what returns Baupost has generated in 2008. Here are some recent stories with his thoughts on current market conditions. Looking at his SEC filing, I see a few interesting moves: Klarman didn’t open any bold new positions other than $61M [...]
1440 Wall Street (Free subscription) | 06/11/2008
... by DME Advisors LP, an affiliate of Greenlight Capital. There seems to be some confusion over David Einhorn's role, or belief that Greenlight Capital Re (GLRE-NASDAQ) is Einhorn's hedge fund. It is not, but he does manage money in a contractual arrangement for the entity: DME Advisors, LP, or DME Advisors, our investment advisor, is a value-oriented investment advisor that...
BloggingStocks (Free subscription) | 06/11/2008
Filed under: Short stories Greenlight Reinsurance Ltd. (NASDAQ: GLRE ) is an off-shore specialty property and casualty reinsurance company. This week, the company reported its Q3 results, which showed a net loss of $118.4 million or $3.29 per share. Something else: Greenlight's investment portfolio is managed by a top hedge fund manager, David Einhorn. He was the person who publicly...
DealBreaker (Free subscription) | 04/11/2008
Congratulations are in order, people. The Green Lantern, pictured above, finished first yesterday in the $3,000 No-Limit Hold'em Championship of the 2008 Foxwoods World Poker Finals. Onlookers say the GL "was able to ride his patience, seeing very little action during the first 3 hours of play [but] his cards started to improve, along with his chip stack as he took the lead at the Final Table and...
New York Post (Free subscription) | 31/10/2008
As the world financial community surveys the damage from this week's Volkswagen short-selling debacle, it appears Greenlight Capital's David Einhorn may have gotten a double whammy. In addition to his hedge fund, Einhorn is also the brains behind...
DealBook (Free subscription) | 26/11/2008
A Canadian-based real estate development company, which has been locked in a heated battle with the activist investor David Einhorn, unveiled a complex plan on Wednesday that it hopes will increase its stock price and appease angry shareholders. The company, MI Developments, or MID as it is known, owns and develops industrial real estate properties in [...]
The Enlightened American (Free subscription) | 16/11/2008
Professional money managers have filed their 13F filings for Q3 2008. I will examine them over the weekend and publish my comments next week but submit the spreadsheet links below for readers. Marty Whitman’s filing was slightly incomplete so I substituted David Einhorn for Third Avenue. Also, if you have a strong case for other [...]
Wall $treet Folly (Free subscription) | 17/11/2008
HTML clipboard Here are charts for the stocks in the recently released 13F for David Einhorn's Greenlight Capital: Full Index of hedge fund 13F's Click to enlarge
Global Financial News (Free subscription) | 18/11/2008
... before it was too late: Certainly Lehman might have avoided its fate if it had listened to David Einhorn's warnings about leverage instead of dismissing him as irrelevant and buying back huge amounts of stock. Carl Icahn defends short-sellers originally appeared on BloggingStocks on Tue, 18 Nov 2008 09:13:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this...
DealBook (Free subscription) | 06/11/2008
... the near collapse of American International Group and one of the steepest stock market drops ever.David Einhorn’s Greenlight Capital, which predicted Lehman Brothers‘ financial troubles, suffered heavy losses from a short position on Volkswagen after the German automaker’s shares spiked. Greenlight, down 16 percent in the first nine months this year, is expected to post bigger declines...
DealBreaker (Free subscription) | 03/11/2008
... , Nov 03, 2008 11:35AM too long; didnt analysis Posted by , Nov 03, 2008 11:36AM if being gay for David einhorn is wrong, I don't want to be right.Vote obama!! Posted by , Nov 03, 2008 11:38AM "Viking Global Equities YTD -3.92% , is that a typo ?"YES. Its -392%Thanks for pointing out Posted by , Nov 03, 2008 11:43AM I want DEAR INVESTOR letters not just false numbers Posted by , Nov...
The Curious Capitalist (Free subscription) | 30/10/2008
Bloomberg has a story this morning about how some high-profile hedge fund managers—Steven Cohen, David Einhorn, Paul Singer—are opening up their funds to new investors for the first time in years. Seems they're having luck raising money, even as many of their peers are being forced to dump positions to meet redemptions. As for what you [...]
The New Yorker - Arts and Culture (Free subscription) | 03/11/2008
... proved—proved—right, why bother? If you need to tell it, you can’t truly know it. The story of David Einhorn and Allied Capital is an example of a moneyman who believed, with absolute certainty, that he was in the right, who said so, and who then watched the world fail to react to his irrefutable demonstration of his own rightness. This drove him so crazy that he did what was, for...
DealBreaker (Free subscription) | 29/10/2008
We think David Einhorn is dreamy. So you can imagine our alarm when rumors reached us to the effect that Greenlight was involved in this shabby Volkswagen business. Greenlight, apparently, was betting against Volkswagen via short positions. Not a bad play early in the game of a budding global recession. Equally deft given the powerful union at Volkswagen, a force preventing any sort...
Indian Express (Free subscription) | 27/10/2008
... told investors that September was “the single worst month, by far” in its history. Even David Einhorn, an American short-seller who bet successfully on Lehman Brothers’ demise, has lost plenty. Over the next few quarters the fallout is likely to be brutal. Between 1990 and last year the industry’s assets under management grew almost 50-fold, to nearly $2 trillion (see chart 2). Now...
