Einhorn’s gold fund takes a hit

Investors in David Einhorn’s Greenlight Capital Management’s offshore gold fund were down 11.8 per cent in June, bringing their year-to-date losses in the fund to 20 per cent, two sources told Reuters yesterday. The American activist investor has also seen his flagship $8bn Greenlight Capital fund under recent pressure, though it is still up a net 7.4 per cent for the year.