Hedge fund guru, David Einhorn on central bank quantitative easing and bet on gold

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David Einhorn

An interesting read from Greenlight Capital funds quarterly newsletter last year highlighting some of the issues the world may face from this unprecedented era of central bank intervention. Greenlight, is a “long-short value-oriented hedge fund” famously founded and managed by financial whizz-kid David Einhorn, who has generated an average annualised return of 22% since he founded his fund in 1996. The fund has increased its exposure to gold as a result of the Federal Reserve’s recent QE3 (infinity) policy. Well worth a re-read…

 

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