For the first time in Two years Billionaire Einhorn’s Greenlight Capital plans to raise money. This was stated by Greenlight Capital president David Einhorn during an interview in New York.
According to a statement which has been confirmed by CNBC, Billionaire David Einhorn’s hedge fund Greenlight Capital plans to raise money for the first time in two years. The hedge fund tries to take advantage of the recent market turmoil. The news was first reported in Bloomberg. CNBC reports that the hedge fund will start accepting money from existing investors from November 1st and new clients from December 1st. Greenlight has been closed to receive new cash from the first quarter of 2012.The company was not available for comments. The company’s September performance was hit because iof the poor showing by two of its biggest investments-SunEdison and Marvell Technology Group dropped in the month.cialis substitute