Greenlight's David Einhorn Says GM, Brighthouse Drove Hedge Fund Gains
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Hedge fund manager David Einhorn said General Motors Co. and Brighthouse Financial Inc. were his biggest winners in the quarter that spurred a rebound in the performance of his hedge fund.
“Our largest equity long positions were our biggest contributors in the quarter,” Einhorn said Tuesday on a first-quarter earnings call for Greenlight Capital Re Ltd., the reinsurer tied to his hedge fund, Greenlight Capital. “General Motors stock returned 12 percent as the company announced strong fourth-quarter results and provided better than expected 2019 earnings guidance.”