Einhorn: The Only Real Hedge Fund Manager Left?

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About: Greenlight Capital Re, Ltd. (GLRE)
by: The Belgian Dentist
This article is exclusive for subscribers.
The Belgian Dentist
Portfolio strategy, value, REITs, dividend investing
Summary

A long-short hedge fund is supposed to strive for a positive absolute return.

It’s ok for such a fund to lag when the markets rise.

It’s absolutely not ok to lag when markets fall.

Most hedge fund managers failed in October, with one notable exception: David Einhorn.

October was a bad month for many hedge funds. It seems a lot of them abandoned their traditional long/short hedge-your-bets approach and instead simply jumped on the FANG train. David Einhorn remained loyal to his