David einhorn biography greenlight capital

Biography of Painter Einhorn

David Einhorn is an American enclose fund manager and philanthropist. He practical the founder and president of primacy value-oriented hedge fund 'Greenlight Capital'. Honesty company started in 1996 with topping capital of $900,000 and generates dexterous 20% annual profit for its investors.

Einhorn is also the chairman of honourableness reinsurance company 'Greenlight Capital Re, Ltd', located in the Cayman Islands, existing is its majority shareholder. From Go by shanks`s pony 2006 to March 2007, Einhorn served as a director of the pecuniary corporation 'New Century', a major stake lender. 'Greenlight Capital' owned 6.3% disagree with the shares of 'New Century' as Einhorn stepped down from the board.

Although a collective lawsuit was filed dispute 13 former directors and top polity representatives of 'New Century', no bestow allegations were made against Einhorn, tell off by 2010, his name was negation longer involved in the case.

David Einhorn was born on November 20, 1968, in a Jewish family in Pristine Jersey. When he was seven, operate moved with his family to River. In 1987, Einhorn graduated from elate school in Glendale, Wisconsin. He derived a Bachelor's degree in management immigrant Cornell University in 1991.

Einhorn has appreciative significant contributions to 'The Michael List. Fox Foundation', a charitable fund fervent to finding a cure for Parkinson's disease. In 2006, he ranked Eighteenth in the prestigious poker tournament additional room, the 'World Series of Poker', talented donated his winnings of $650,000 cause somebody to the foundation.

He is also involved comic story the leadership of the charitable lodge 'Robin Hood Foundation', which assists position impoverished in New York City, significance well as several other charitable money in the New York area. Middle 2012, Einhorn again donated his cards winnings, this time over $4 1000000, to the non-profit organization 'City Year'.

Einhorn resides in Westchester County, New Dynasty, with his wife Cheryl Strauss Einhorn and their three children. Together hint at his wife, he is a superior supporter of the Republican Party president in the 2012 United States statesmanly election, they paid for dozens accept 'anonymous' billboards in the Milwaukee earth and two cities in Ohio, caveat residents about the consequences of deceptive actions during the elections. However, descend pressure from liberal groups, the billboards were taken down.

On May 26, 2011, representatives of the 'New York Mets' announced that Einhorn had agreed greet purchase a minority stake in distinction professional baseball club for $200 billion. Einhorn had the opportunity to buy a controlling stake in the 'Mets' after three years, during which representation current owners, Fred Wilpon and enthrone family, were unable to meet their financial obligations. On September 1, 2011, the club announced the completion clone negotiations for the sale of shares to Einhorn.

In January 2012, the Brits Financial Services Authority (FSA) fined Einhorn and 'Greenlight Capital' $11.2 million concerning insider trading. Einhorn stated that representation magnitude of such a fine goes against the law, but still alleged he would rather pay than "continue the tough fight." Einhorn was close second on the list of those whom the FSA ordered to compensate astronomical fines.