|Hedge fund giant, Greenlight Capital has announced its intention to begin raising capital again after a two year hiatus. According to Bloomberg News, founder David Einhorn will reopen his $10 billion hedge fund first to existing investors in November, and then to new investors in December. All investors will be subject to a minimum 25-month hold during which no redemptions will be allowed. |
Greenlight Capital is among a number of high profile hedge funds to close their doors to new capital in recent years. Third Point LLC, run by activist investor Daniel Loeb, recently announced its intention to limit new capital inflows.
Notably, both Greenlight and Third Point are on the Top 200 New York Hedge Fund List, with rankings of #22 and #17, respectively.