David Einhorn

Marius

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David Einhorn, an American hedge fund manager, is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund". He started Greenlight Capital in 1996 with $900,000. Greenlight has generated about a 20% annualized return for investors. Einhorn is also the Chairman of Greenlight Capital Re, Ltd, a Cayman Islands-based reinsurance company and is a major shareholder.

Einhorn has received extensive coverage in the financial press for short selling Allied Capital, Lehman Brothers and Green Mountain Coffee Roasters stock. He is also a critic of current investment-banking practices, saying they are biased to maximize employee compensation. He cites a statistic that investment banks pay out 50 percent of revenues as compensation, and higher leverage means more revenues, making this model inherently risky.

Source: Wikipedia

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