Hedge Fund Manager David Einhorn
David Einhorn (Net worth $1.1B) was born on November 20th 1968. He is hedge fund manager and the Founder of Greenlight Capital, a long-short value-oriented hedge fund. He studied in Cornell University and lives in Westchester County. Einhorn started Greenlight Capital in 1996 with $900,000. Greenlight has generated about a 22% annualized return for investors. Einhorn is also the Chairman of Greenlight Capital RE, Ltd, a Cayman Islands-based reinsurance company and is a major shareholder.
Einhorn founded his hedge fund firm, Greenlight Capital, in 1996 and it has generated annualized net returns north of 21% since inception. Einhorn is known for his timely and successful short calls, starting with Allied Capital in 2002; he also shorted Lehman Brothers more than a year before its bankruptcy. Einhorn and Greenlight were fined in 2012 by British regulators for insider trading, an accusation the outspoken hedge fund manager strongly refuted. Einhorn’s investors seem to be sticking with him. A poker aficionado, Einhorn finished 18th at the 2006 World Series of Poker. He made a $200 million bid for a minority stake in the New York Mets in 2011, but the transaction fell through. Einhorn is a major contributor to the Michael J. Fox Foundation and the Robin Hood Foundation.
Einhorn now lives in a $6 million, seven-bedroom manse on three acres in Rye, Westchester County, with his journalist wife, Cheryl, and kids Rachel, 14, Naomi, 11, and Mitchell, 9.
As a boy, he wanted to be a ballplayer. He never made it past Little League but was a standout on his high-school debate team.
“I have no athletic ability, so that’s a problem,” Einhorn once joked to DealBreaker, a business news and gossip website.
After graduating summa cum laude with a government degree from Cornell University in 1991, Einhorn went to work as a Wall Street analyst.
By 1996, he had launched Greenlight with just $900,000 — more than half of it from his parents, who run a Wisconsin mergers-and-acquisitions firm.
Einhorn made a killing betting against Allied Capital and Lehman Brothers with short positions of their stock. Look Einhorn’s battles with other hedge fund managers here.
Despite his business acumen, the youthful-looking big shot has boyish quirks. He takes afternoon naps and keeps a light saber, baseballs, teddy bears and toy cars in his office.
In 2008, Einhorn famously won $660,000 at the World Series of Poker — and gave it all to Michael J. Fox’s Parkinson’s research charity. Look David Einhorn and the other Poker playing Hedge fund managers here.