No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Billionaire David Einhorn’s hedge fund crushed the market last quarter by investing in gold

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 3 mins read
A A
Billionaire David Einhorn’s hedge fund crushed the market last quarter by investing in gold
Share on FacebookShare on TwitterShare on LInkedIn


Billionaire investor David Einhorn of Greenlight Capital.CNBC/Heidi Gutman/CNBC

David Einhorn’s hedge fund Greenlight Capital posted an 8.2% return in the first quarter.

In a letter to investors, Greenlight said gold was “by far the biggest winner” in its portfolio.

The firm cautioned that a bear market in stocks is just starting.

A billionaire investor struck gold last quarter by, well, investing in it.

David Einhorn’s Greenlight Capital gained 8.2% in the first quarter, handily outpacing a more-than-4% loss in the S&P 500. In an letter to clients viewed by Business Insider, the firm said that the precious metal was “by far the biggest winner” in its portfolio, advancing 19%.

Greenlight, which said it owns both gold bars and call options, also performed well against a benchmark of hedge funds. The average fund lost an average of 0.4% in the first quarter, according to research group HFR.

The firm said inflation swaps were an additional catalyst for outperformance. Between the swaps and gold — which is viewed as an inflation hedge — the expectation of higher consumer prices is a theme across the Greenlight portfolio. Forecasts for higher inflation have been a constant of the Trump presidency since a global trade war kicked off.

“We believe that nearly all current administration policy roads lead to higher inflation,” the firm wrote.

Another highlight of the Greenlight letter was the assertion that the US equity market is in the early innings of a bear market. The firm was able to pinpoint exactly when it decided to throw in the towel on equities.

“Sensing that the market was turning, in late February we pivoted from conservative, but not bearish, to bearish,” the letter said.

In predicting a bear market, Greenlight has decreased its net equity exposure to isolate itself from sharp declines and counter-trend upswings.

“Bear markets do not go straight down. They are punctuated with ‘rip-your-face-off’ rallies based on big headlines, extreme investor sentiment, and experience that buying the dip usually pays off,” the letter said.

Here’s a rundown of some other trades Greenlight identified in its first-quarter letter:

Short positions on companies that “cater to liberal tastes”: Greenlight expects that Democratic consumers will pull back, given their disproportionate exposure to recent federal job cuts.

Long position in SOFR futures: These investments are positioned to profit if the Fed cuts interest rates faster than the market thinks, which is what Greenlight expects.

“Tail protection” for the dollar: Greenlight has added this position in the case the greenback falls substantially against the euro and yen. This has already been happening.

Long-duration inflation swaps: As mentioned above, the firm predicts that most Trump administration policies will result in higher long-term inflation.

Read the original article on Business Insider



Source link

Tags: BillionaireCrushedDavidEinhornsfundGoldhedgeInvestingmarketquarter
ShareTweetShare
Previous Post

EM assets: EM assets set for best week since March as China concerns abate

Next Post

Smallcaps say ‘Thank you Trump’ as over 100 stocks log double-digit weekly gains. Will this sustain?

Related Posts

edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

by TheAdviserMagazine
October 28, 2025
0

The global energy transition continues to press forward, but tariff wars and the rising politicization of renewable power is hurting...

edit post
Wizz Air uncompromising on demands for Israel hub

Wizz Air uncompromising on demands for Israel hub

by TheAdviserMagazine
October 28, 2025
0

Senior officials from Israel’s Ministry of Transport have traveled to Hungary for intensive talks with top Wizz Air executives...

edit post
Trump says he is prepared to send ‘more than the National Guard’ into US cities

Trump says he is prepared to send ‘more than the National Guard’ into US cities

by TheAdviserMagazine
October 28, 2025
0

President Donald Trump told U.S. troops assembled in Japan on Tuesday that he was prepared to send "more than the...

edit post
Nokia shares jump on B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

Nokia shares jump on $1B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

by TheAdviserMagazine
October 28, 2025
0

BING-JHEN HONG/iStock Editorial via Getty ImagesTop chipmaker Nvidia (NASDAQ:NVDA) is investing $1B in Nokia (NYSE:NOK)—the former Finnish cellphone giant, which...

edit post
Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring

Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring

by TheAdviserMagazine
October 28, 2025
0

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting...

edit post
Secondary rounds in tech sector make a comeback

Secondary rounds in tech sector make a comeback

by TheAdviserMagazine
October 28, 2025
0

Secondary rounds in the tech industry - employees and founders selling shares as part of bringing new investors into...

Next Post
edit post
Smallcaps say ‘Thank you Trump’ as over 100 stocks log double-digit weekly gains. Will this sustain?

Smallcaps say 'Thank you Trump' as over 100 stocks log double-digit weekly gains. Will this sustain?

edit post
Lorenzo Protocol (BANK) Price Rallies 150% After This Binance Announcement

Lorenzo Protocol (BANK) Price Rallies 150% After This Binance Announcement

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

0
edit post
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

0
edit post
Wizz Air uncompromising on demands for Israel hub

Wizz Air uncompromising on demands for Israel hub

0
edit post
Estate Planning Myths That Can Haunt Families

Estate Planning Myths That Can Haunt Families

0
edit post
Dollar mixed as investors eye central bank decisions, trade talks

Dollar mixed as investors eye central bank decisions, trade talks

0
edit post
Unlocking Stock Market Success: Why You Should Embrace the Skew

Unlocking Stock Market Success: Why You Should Embrace the Skew

0
edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

October 28, 2025
edit post
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

October 28, 2025
edit post
Wizz Air uncompromising on demands for Israel hub

Wizz Air uncompromising on demands for Israel hub

October 28, 2025
edit post
Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above alt=

Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above $0.8 Still In The Cards

October 28, 2025
edit post
Trump says he is prepared to send ‘more than the National Guard’ into US cities

Trump says he is prepared to send ‘more than the National Guard’ into US cities

October 28, 2025
edit post
183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Saudi power chair: Tariffs weaken the global energy transition and hurt humanity
  • Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens
  • Wizz Air uncompromising on demands for Israel hub
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.