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David Einhorn’s Greenlight Capital posted a flat quarter following its finest three-month interval ever on the finish of 2020.
In a letter to traders obtained by CNBC, the hedge fund supervisor broke down his largest winners within the first quarter and the explanations for the mediocre efficiency.
The Greenlight Capital funds misplaced 0.1% from January to March, in comparison with a 6.2% return for the S&P 500, the hedge fund stated within the letter.
Einhorn additionally detailed his outlook for inflation, financial restoration in addition to the retail buying and selling mania earlier within the yr that partially led to his underperformance. Listed here are the highlights from the letter.