Einhorn’s Greenlight to Reopen Hedge Fund to New Capital
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Greenlight Capital Inc., the hedge-fund firm run by billionaire David Einhorn, plans to raise money for the first time in more than two years to take advantage of recent market turmoil.
The $10 billion firm, best known for wagering on a decline in Lehman Brothers Holdings Inc. before the bank collapsed in 2008, will begin accepting capital from existing investors on Nov. 1 and new clients on Dec. 1, according to a letter to clients yesterday that was viewed by Bloomberg News.