Dr. Ajith Kumar V.V
David Einkorn’s Greenlight Capital hedge funds rose 7.7% in October -- his best monthly performance all year -- after the value investor added to his short wagers. Greenlight’s October return pared this year’s losses to 9.6%, according to an investor update viewed by Bloomberg. It was Einhorn’s fourth straight positive month. “We are now in the midst of an enormous tech bubble,” Einhorn told investors in a letter this week, saying he had added a set of bets against “mostly second-tier companies and recent IPOs trading at remarkable valuations.” He also told clients his working hypothesis was that Sept. 2 was the top and the bubble had already popped. Homebuilder Green Brick Partners Inc., the primary driver of Einhorn’s gains in the third quarter, was a strong performer in October as well, with shares climbing 11%. The company is benefiting from low interest rates and pandemic-driven demand for single-family detached housing.
Source: https://www.bloomberg.com/news/articles/2020-10-31/einhorn-makes-7-7-in-october-after-adding-to-bubble-basket?srnd=premium-middle-east