Greenlight Re Posts Quarterly Loss as Einhorn’s Bets Falter
This article is for subscribers only.
Greenlight Capital Re Ltd., the reinsurer led by hedge-fund manager David Einhorn, posted its second straight quarterly loss as investments faltered.
The second-quarter net loss of $39.6 million, or $1.06 a share, compares with profit of $109.6 million, or $2.89, a year earlier, the Cayman Islands-based company said Monday in a statement. The first-quarter loss was $24 million.