Greenlight bought Onex and NET Power shares in Q2, added index hedges -letter

NET Power

14/08/2023 17:41

NEW YORK, Aug 14 (Reuters) - Greenlight Capital made
investments in alternative asset manager Onex Corp  ONEX.TO  and
clean energy company NET Power  NPWR.N  during the second
quarter but also added portfolio protection through index
hedges, the hedge fund told investors on Monday. 
    Greenlight, run by David Einhorn, told investors in a letter
seen by Reuters on Monday that inflation may be "stickier" than
the market is currently expecting. 
    "If we were 'bearish' until March and 'neutral' through
June, we would now characterize ourselves as 'worried,' the
letter said.
    Greenlight, whose stock buys and musings on the economy are
widely followed, gained 14.5% in the second quarter and was up
13.1% for the first half of 2023. The S&P 500 stock market
gained 17% in the first half.

 (Reporting by Svea Herbst-Bayliss; Editing by Conor Humphries)
 ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters
Messaging: svea.herbst.thomsonreuters.com@reuters.net))