Discover the Best Books Written by David Einhorn
David M. Einhorn (born November 20, 1968) is an American investor and hedge fund manager. He is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund." Born in New Jersey, Einhorn graduated from Cornell University before starting Greenlight Capital in 1996.
Over the next decade, the fund experienced annualized returns of 26%, far better than the market. Greenlight Capital's assets under management decreased from approximately US$12 billion in 2014 to about $5.5 billion, as reported in July 2018. The fund was down 11.3% from 2014 through the end of 2017 and a further 34% in 2018.
He has received extensive coverage in the financial press for his fund's performance, investing strategy, and positions. Einhorn was included in Time magazine's Time 100 list of "100 most influential people in the world" in 2013. According to Investopedia, his net worth was around US$1.5 billion in June 2019.
Einhorn was born to a Jewish family in New Jersey, the son of Stephen and Nancy Einhorn. Raised in Demarest, New Jersey, at seven, he and his family moved to Wisconsin. His father is the founder and president of Einhorn & Associates, a consulting firm, and Capital Midwest Fund, a venture capital fund.
He has one brother Daniel who works with his father. In 1987, Einhorn graduated from Nicolet High School in Glendale, Wisconsin. Einhorn graduated summa cum laude from Cornell University with a B.A. in government from the College of Arts and Sciences in 1991. He was a member of the Sigma Alpha Epsilon fraternity at Cornell.