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EXCLUSIVE-Bear market in gold pummels Einhorn’s Greenlight fund
NEW YORK, JUNE 30 | BY JENNIFER ABLAN
Investors in David Einhorn’s Greenlight Capital Management’s offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said on Sunday.
Einhorn, one of the most widely followed hedge fund managers and known for warning about Lehman Brothers’ precarious finances before it collapsed, has also seen his flagship $8 billion Greenlight Capital fund under recent pressure though it is still up for the year.
Paulson’s Gold Fund Plunges 65% Through June
Monday, 8 Jul 2013 | 8:27 PM ET
ReutersHedge fund manager John Paulson’s gold fund has lost 65 percent of its worth so far this year after the portfolio declined 23 percent last month, two people familiar with the fund said on Monday.