Back in February, the Wall Street Journal printed an article about a hedge fund “idea dinner,” more than insinuating that a bunch of representatives from Soros, SAC, Greenlight and Paulson and Co got together to enjoy a meal of food while scheming re: how they were going to take down the Euro. This was uncool for a few reasons, including by not limited to the fact that it’s unlikely the handful of managers assembled would even be capable of taking down the currency and the shoddy reporting that said they ate fish when in fact it was chicken (a tad undercooked, if you must know). Also, as a result of the story, the Justice Department’s antitrust division opened an investigation into possible violations of the Sherman Act. Read more »
Greenlight Capital Modestly Suggests They Have No Idea What’s Going To Happen To The Economy (Sorry, We’re Not Falling For That One Again)By Bess Levin
June performance. Read more »
An abbreviated version of Einhorn’s speech ran as an Op-Ed in this morning’s Times. We’ve obtained the full text of yesterday’s chat.