David Einhorn Long NET Power And Onex: Greenlight Capital Q2 2023 Letter
Dear Partner: The Greenlight Capital funds (the “Partnerships”) returned 14.5%1 in the second quarter of 2023, net of fees and expenses, compared to an 8.7% return for the S&P 500 index. If you would have told us on January 1 that for the first half of the year, the S&P 500 would be up 17%, the NASDAQ Composite would be up 32%, the ARK Innovation ETF would be up 41%, the Russell 1000 Pure Value index would be down 2%, and we would still return 13.1%, we would want to ask, “How the heck did that happen?” Read more hedge fund letters In the quarter, the other material winners were: Interest rate...