Einhorn Steamrolled: Greenlight Loses Another 8% In June, YTD Plunge Now 19% [zero hedge]
Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE)
Last greenlight reinsurance, ltd. - class a ordinary shares earnings: 2/27 04:04 pm
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US:NASDAQ Investor Relations:
greenlightre.ky
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Source: zero hedge
Every month this year we have said it couldn't possibly get any worse for David Einhorn's Greenlight, and the very next month we are proven wrong.In April, we reported that Einhorn’s main hedge fund ended the first quarter with a 1.9% slump in March, bringing it down to -14% for the year, which we said that while superficially was not that bad (as it outperformed the S&P's 2.5% March drop), that would hardly enthuse Greenlight's long-suffering LPs who have been patiently waiting for Einhorn to have another home run, and which failed to happen despite the March tech bust, which Einhorn was expecting with his "short basket"."In other words", we said "David will be sending another letter to his clients explaining why this all "must be frustrating to you."One month later, the deterioration continued, and Greenlight Capital fell another 1.1% in April, extending the total loss this year to a unprecedented - for Einhorn - 14.9%. In a letter to investors sent out in early April, Einhorn said
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- Greenlight Capital Re (NASDAQ:GLRE) shareholders have earned a 11% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
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- Greenlight Capital Re Ltd Reports Record Underwriting Income for 2023 [Yahoo! Finance]Yahoo! Finance
- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Greenlight Re Announces Fourth Quarter and Year-end 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
GLRE
Sec Filings
- 4/25/24 - Form DEF
- 4/19/24 - Form 4/A
- 4/18/24 - Form 8-K
- GLRE's page on the SEC website