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UPDATE 1-Greenlight's Einhorn tweaks portfolio, says CFO to leave

UPDATE 1-Greenlight's Einhorn tweaks portfolio, says CFO to leave

更新 1-綠光的 Einhorn 調整投資組合,說 CFO 離開
路透社 ·  2019/01/24 00:04

(Adds details from letter)
   NEW YORK, Jan 23 (Reuters) - Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors on Wednesday he had made some changes to the fund's main portfolio, including selling Bayer , Mylan and Perrigo last year.
   Greenlight Capital also sold Apple , which had been previously reported, and the fund manager said he covered short positions in Core Laboratories and oil frackers.
   "We are looking forward to a new season," Einhorn said in a letter to investors on Wednesday that was seen by Reuters, after Greenlight's main fund lost 34 percent in 2018, making it the firm's worst year ever.
   Einhorn listed Brighthouse Financial , AerCap  , CONSOL CoalResources , General Motors , Green Brick Partners , Germany's Deutsche Pfandbriefbank  , as well as gold and Puerto Rico GO bonds as long positions, while he is shorting Assured Guaranty and Tesla .
   At Tesla, he expects a "shortage of demand," and that the third quarter was "as good as it gets" for the electric car maker, which "faces challenges in 2019."
  
   CFO TO LEAVE
   Einhorn said Harry Brandler, the hedge fund's chief financial officer, will leave the firm this month after 17 years. He did not immediately name a replacement for Brandler, saying only that he promoted people in the firm's operations and finance areas.
   He said he was reopening his funds to new investments, after years of turning them away.
   "At this point, we no longer believe there is risk of our assets growing too quickly (other than through improved performance), so for those interested in investing, the answer will now be 'yes'."
   The firm's assets had shrunk to $2.5 billion, from over $10 billion four years ago.
   Many investors were fed up with heavy losses and Einhorn said the firm has had "substantial redemptions."

(Reporting by Svea Herbst-Bayliss
Editing by Bernadette Baum)
((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters
Messaging: svea.herbst.thomsonreuters.com@reuters.net)

(從信件中添加詳細信息)
紐約,1 月 23 日(路透社)-對沖基金經理大衛·艾因霍恩(David Einhorn),格林萊特資本在 2018 年遭受了有史以來最糟糕的一年,週三告訴投資者,他對該基金的主要投資組合進行了一些更改,包括去年出售拜耳,麥蘭和佩里戈。
Greenlight Capital 還出售了蘋果公司,該公司先前已經報導過,該基金經理表示,他負責核心實驗室和油炸機的空頭頭寸。
「我們期待著一個新的賽季,」Einhorn 週三在給投資者的一封信中說,路透社在 Greenlight 的主要基金在 2018 年虧損了 34% 之後,這使其成為公司有史以來最糟糕的一年。
艾因霍恩上市亮泰金融,AerCap,康索爾煤資源,通用汽車,綠磚合作夥伴,德國的德意志 Pfand內銀行以及黃金和波多黎各 GO 債券一樣長倉,同時他正在做空擔保和特斯拉。
在特斯拉,他預計「需求不足」,對於電動汽車製造商而言,第三季度「和 2019 年面臨挑戰」的電動汽車製造商來說「一樣好」。

首席財務官離開
艾因霍恩說,對沖基金首席財務官哈里·布蘭德勒將在 17 年後本月離開該公司。他沒有立即命名為 Brandler 的替代品,他只說他在公司的運營和金融領域提升了人們。
他說,經過多年的投資,他將資金重新開放給新的投資。
「在這一點上,我們不再相信我們的資產增長太快的風險(除了通過提高績效),因此對於有興趣投資的人來說,現在的答案將是「是」。」
該公司的資產從四年前的 100 多億美元減少到 25 億美元。
許多投資者厭倦了沉重的損失,Einhorn 表示,該公司已經「重大贖回」。

(報告由斯維雅·康普斯-貝利斯
編輯由貝爾納德特鮑姆)
(svea.herbst@thomsonreuters.com;路透社;+617 856 4331)
訊息:svea.herbst.thomsonreuters.com@reuters.net)

譯文內容由第三人軟體翻譯。


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