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Einhorn Slump Wipes Out Greenlight's Gains From 2007 IPO

2015-12-09 23:47:12| Electronics - Topix.net

Greenlight Capital Re Ltd., the reinsurer whose chairman is hedge-fund manager David Einhorn, erased gains from its 2007 initial public offering price after losses from investments and underwriting. Greenlight Re declined 2.6 percent to $19 at 11:59 a.m. in New York, extending its loss to 42 percent this year.

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