GreenLight Capital, Inc. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It invests in the public equity and fixed income markets of the United States.
2019 started off on a good note. The Greenlight Capital funds (the “Partnerships”) returned 11.0% for the quarter, almost reversing the loss in the fourth quarter of 2018.
It continued to be a challenging environment for our investment style with growth stocks performing much better than value stocks.
Last year we only had one position contribute more than 1% to our performance. This quarter we had eight winners that large.