David Einhorn's hedge fund Greenlight Capital outperformed S&P 500 with 8.2% return, investing in gold.

From Yahoo Finance: 2025-04-18 22:57:00

Billionaire investor David Einhorn’s hedge fund, Greenlight Capital, saw an 8.2% return in the first quarter, outperforming the S&P 500. Gold was the biggest winner in its portfolio, advancing 19%. Greenlight also performed well against other hedge funds, attributing success to inflation swaps and a bearish stance on the US equity market.

Greenlight Capital has decreased its net equity exposure, anticipating a bear market. The firm has identified short positions on companies catering to liberal tastes, a long position in SOFR futures, “tail protection” for the dollar, and long-duration inflation swaps as additional investment strategies. Greenlight expects higher inflation due to Trump administration policies.



Read more at Yahoo Finance: Billionaire David Einhorn’s hedge fund crushed the market last quarter by investing in gold