David Einhorn (hedge fund manager)

For the 19th-century abolitionist rabbi, see David Einhorn (rabbi).

David Einhorn
Born (1968-11-20) November 20, 1968 (age 55)
NationalityAmerican
Alma materCornell University
Occupation(s)Investor, hedge fund manager
Known forFounding and leading Greenlight Capital
Spouse
Cheryl Strauss
​
​
(m. 1993; div. 2017)​
Children3

David M. Einhorn (born November 20, 1968) is an American investor, hedge fund manager, and amateur poker player. He is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund".[1]

Born in New Jersey,[2] Einhorn graduated from Cornell University,[3] before starting Greenlight Capital in 1996.[2] Over the next decade, the fund experienced annualized returns of 26%, far better than the market.[2] Greenlight Capital's assets under management decreased from approximately US$12 billion in 2014 to about $5.5 billion as reported in July 2018 as the fund was down 11.3% from 2014 through the end of 2017, and a further 34% in 2018.[4] He has received extensive coverage in the financial press for his fund's performance, his investing strategy and his positions.[5]

Einhorn was included in Time magazine's Time 100 list of "100 most influential people in the world" in 2013.[6] According to Investopedia, his net worth was around US$1.5 billion in June 2019.[7]

  1. ^ Alden, William (October 25, 2012). "David Einhorn Continues His Take Down of Fed Policy". DealBook. Retrieved March 14, 2013.
  2. ^ a b c Michelle Celarier (May 16, 2018). "What Exactly Happened to David Einhorn?". Institutional Investor.
  3. ^ Michael McDonald, Einhorn Gift of $50 Million to Fund Cornell Program, Bloomberg (October 6, 2014).
  4. ^ Gregory Zuckerman (July 4, 2018). "'This Is Unbelievable': A Hedge Fund Star Dims, and Investors Flee". The Wall Street Journal.
  5. ^ Lindgren, Hugo (June 15, 2008). "The Confidence Man", New York.
  6. ^ Foroohar, Rana (April 18, 2013). "The 2013 Time 100: David Einhorn". Time.
  7. ^ "David Einhorn is the Latest Hedge Fund Leader to Face Divorce". Investopedia. June 25, 2019. Retrieved April 17, 2021.