A good summer for David Einhorn
Tracy Alloway
Financial Times, 15 September 2008
The outspoken hedgie David Einhorn would have made a killing from his bets against Lehman Bros this summer. He first announced his position in April, when Lehman’s share price was at about $40, saying he had questions about the company’s balance sheet. Lehman stock is now under $4 — giving Einhorn’s Greenlight Capital a 90 per cent return according to some estimates.
Could the role of short-sellers like Einhorn give fresh fodder to the push for a ban on certain forms of short-selling then?
