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David Einhorn Greenlight Capital 2012 Q3 Investor Letter

David Einhorn Greenlight Capital Q3 2012 investor letterDavid Einhorn‘s Greenlight Capital released its 2012 Q3 investor letter. Greenlight Capital returned 13.2% net of fees during the first three quarters of 2012. According to our calculations Greenlight Capital’s long positions in its 13F filing had a total return of 29.8% through the end of September. As you can see hedging and fees costed Greenlight Capital investors 16.5 percentage points. Here is Greenlight Capital’s 2012 Q3 investor letter:

David Einhorn Greenlight Capital 2012 Q3 Investor Letter