Excerpts:
- The hedge fund rose 2.7% last month, bringing its year-to-date gain to 6.4%. Much of the return can be attributed to Greenlight's shorts on Green Mountain.
- Greenlight's new investments in health management companies Cigna Corp. and Coventry Health Care haven't worked out just yet. The former lost 8.45% in July while the latter gained 4.84%. Of course, Greenlight's wisdom in buying the stocks last quarter won't be borne out until November at the earliest—Greenlight said it bought them in part in anticipation that the presidential election will result in "a possible modification or repeal" of President Barack Obama's healthcare policy.
Source: http://www.finalternatives.com/node/21221