David Einhorn's Greenlight Capital raises $130 million for Gold Hedge Funds

May 21st, 2010
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David Einhorn's Greenlight Capital is the latest blue-chip hedge fund manager to raise assets for gold focused hedge funds. At the start of 2010, John Paulson’s Paulson & Co. launched a gold hedge fund with more than $250 million in assets.

The Paulson gold hedge fund served to focus the firm’s gold strategy in one large fund, rather than increasing gold exposure across its other hedge funds. Although the hedge fund manager has not officially commented on its fundraising efforts, it appears that Greenlight Capital may be pursuing the same approach to gold investing.
According to SEC filings, the new gold offerings Greenlight Capital (Gold), LP and Greenlight Capital Offshore (Gold), Ltd. raised $128,519,640 and $2,563,446, respectively.

David Einhorn founded Greenlight Capital in 1996. The firm manages a series of value-oriented alternative investment vehicles. Mr. Einhorn is well-known for publically attacking Lehman Brothers well before the investment bank’s ultimate demise.
For Detailed Investor Profiles on these Investors, click below:
Greenlight Capital
Paulson & Co.
Related People: Andrew Hoine; Bruce Gutkin; David Einhorn; Harry Brandler; James Lin; Jeffrey A. Keswin*; John Paulson; Mena Gerowin*; Mike Barr; Nelson Heumann; Sheru Chowdhry; Stuart Merzer; Vinit Sethi
Related Entities: DME Advisors LP; Greenlight Capital Inc; Greenlight Masters LLC; Greenlight Private Equity Partners; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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