Greenlight Capital Sold First Horizon (FHN) on Share Appreciation

Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter.  A copy of the letter can be downloaded here. In the first quarter, the Greenlight Capital funds returned 4.9% net of fees and expenses, compared to 10.6% for the S&P 500 index. The year’s first quarter saw a bullish market, with investors focusing on AI, cryptocurrency, and meme stocks. Despite the market’s strong performance, the long and short portfolios didn’t fare as well. The long...