David Einhorn: Inflation Is Here To Stay, And Powell Hasn’t Lifted A Finger
It’s been another quarter to forget for David Einhorn’s Greenlight, which lost -2.6% in Q3, underperforming the S&P’s 0.6% gain as “longs detracted 4.5% in the quarter while shorts added 1.2% and macro added 1.0%.” In his latest quarterly letter published earlier today, Einhorn writes that at quarter-end, the largest disclosed long positions in the Partnerships were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Green Brick Partners and Teck Resources; the fund had an average exposure of 127% long and 70% short.
