The fund is -21.5% in Q1 and down a futher -1.1% in April (despite the market rebound).
Interesting discussion of how, despite taking net from 74% to 15%, they still struggled with performance against a falling market.
Eninhorn’s value style is struggling in recent years and these markets. Despite this Greenlight is starting to market the fund again.
Letter includes interesting debate on inflation post-crisis, what to buy in that environment, his current holdings and shorts (incl TSLA), new positions. Always worth a read.
