What with his bad bets on GM, Apple and Tesla alone, 2017 was not the greatest year for our pal David Einhorn. And when you factor in Trump, his own divorce and how bad the Mets sucked, you gotta wonder if good old D-Hornz wasn't wondering if 2017 was out to get him.
But like any man knocked on his ass and facing the existential threat of obsolescence, Einhorn got to his feet, wiped away the blood, dug in his heels and...barely eked out a return for the year.
The main hedge fund at David Einhorn’s Greenlight Capital returned 1.1 percent in December as equities rallied.
The gain boosted the fund’s return to 2 percent for 2017, according to an email to clients that was seen by Bloomberg News. The fund, which mostly makes wagers on stocks, struggled to profit in a year where the S&P 500 Index returned more than 20 percent, including reinvested dividends. The HFRX Global Hedge Fund Index rose 0.7 percent in December through Thursday.
You tried to kill David Einhorn, 2017, but you forgot that David Einhorn don't die easy.
[In fairness, you probably got him confused with Ackman. In which case we understand why you thought this would be so easy. It's been known to happen. Honest mistake.]