Einhorn's Greenlight Capital Said To Lose 1% in April

May 1 2017 | 9:16pm ET

David Einhorn’s hedge fund Greenlight Capital reportedly dipped 1% in April, underperforming the 1.2% gained by the S&P 500 Total Return Index during the period. 

The performance was reported by Bloomberg last Friday citing an email to clients. So far this year, Greenlight is up only 0.4% through the end of April, compared to 7.2% for the S&P index, the Bloomberg article reported.

Greenlight, which Einhorn founded in 1996 with $1 million in initial capital sourced from family and friends, gained 9.4% last year and has booked annualized net returns of approximately 16% since inception. It has experienced only two down years – in 2008 amid the financial crisis, and 2015.

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