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Hedge Fund and Insider Trading News: Greenlight Capital, Bridgewater Associates, Morgan Creek Capital Management, Starboard Value LP, Arena Pharmaceuticals, Inc (ARNA), BlackBerry Ltd (BB), and More
BOSTON (Reuters) –
Greenlight Capital ended 2020 with a 5.2% gain thanks to a dramatic fourth quarter comeback when bets on a homebuilder, jet leasing company and home security services company turned into a 25% return, the firm said in a letter to investors on Thursday. The hedge fund, run by David Einhorn, lagged far behind the broader S&P 500 index’s 18.4% gain but celebrated its late year surge which it described as “the best quarterly result in Greenlight’s history.” Reuters obtained a copy of the letter.