Greenlight Redlight


It's almost painful watching New Century slip slowly into the quicksand of bankruptcy. Almost. And when we say "painful" we mostly meant "fun." The latest news is that the manager of New Century's second biggest shareholder has bailed from it's board of directors.

David Einhorn, the manager of the $3 billion Greenlight Capital, resigned from the board of New Century Financial Corp., an Irvine, Calif.-based subprime lender that has become a symbol of the challenges dogging a sector that offers mortgages to borrowers with low credit scores.

Fund Exec Bolts
[New York Post]


Dear Greenlight Investors

March performance. Greenlight Capital Offshore March: 0.4% YTD: 6.7%


No Gelt For Greenlight

It’s safe to say that David Einhorn’s gonna be down this year unless he kills Elon Musk or something.