Einhorn's Largest Q409 Positions Include CIT, Ford and Gold
Market Folly submits:David Einhorn has sent out his hedge fund's investor letter for the fourth quarter of 2009 and we get a peek as to what Greenlight Capital has been up to lately. Its six largest disclosed long positions are now Arkema (ARKAY.PK), Boston Scientific (BSX), CIT Group (CIT), Ford Motor Company debt (F), gold, and Vodafone Group. Over the course of the quarter, Greenlight added 'significant' new long exposure via Boston Scientific, Delta Lloyd (Netherlands: DL), and Vodafone Group (UK: VOD). Greenlight's exposure levels were 95% long and 63% short (excluding credit derivatives, gold and foreign currencies). For 2009, Greenlight's various hedge funds were up 36.9%, 33.7%, and 30.6%. See how Greenlight stacks up to other major funds in our 2009 hedge fund performance numbers post. We also want to point out an intriguing fact from the letter:Complete Story »
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