GREENLIGHT MASTERS, LLC other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

2

of those in investment advisory functions:

2

Registration:

SEC, Approved, 1/3/2012

AUM:

826,233,687 24.34%

of that, discretionary:

826,233,687 24.34%

Private Fund GAV:

826,233,687 -39.79%

Avg Account Size:

137,705,615 24.34%

SMA’s:

NO

Private Funds:

6

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
1B 974M 811M 649M 487M 325M 162M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Is Your 401(k) Destroying Capitalism? - WSJ
03/04/2024

Einhorn, whose hedge fund, Greenlight Capital, struggled for years before a recent rebound, didn't comment, but it is in his financial interest to ...

Wall Street Journal

10 Sunday Reads - The Big Picture - Barry Ritholtz
02/11/2024

Be sure to check out our Masters in Business this week with David Einhorn, Greenlight Capital, a value-oriented hedge fund founded in January 1996.

ritholtz.com

How to stand out from AI early in your professional career! (Banking & consulting) - YouTube
02/05/2024

... hedge fund podcast, hedge fund investor podcast, Greenlight Capital, David Einhorn, David Einhorn podcast, hedge fund advice, how to get a hedge fund ...

youtube.com

What Makes Alight (ALIT) a Worthy Investment?
01/25/2024

Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

Insider Monkey

Here’s Why Greenlight Decided to Repurchase Viatris (VTRS)
01/25/2024

Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

Insider Monkey

Here’s Why Greenlight Capital Exited Southwestern Energy (SWN)
01/25/2024

Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

Insider Monkey


Private Funds Structure

Fund Type Count GAV
Hedge Fund 6 $826,233,687

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Private Funds



Employees




Brochure Summary

Overview

Greenlight Masters, L.L.C. is a Delaware limited liability company that commenced operations in 2002. We are an investment management firm that allocates capital to value- oriented managers who primarily invest in long/short equities and debt securities. David Einhorn is our Senior Manager and principal owner. Vinit Sethi is our portfolio manager. We provide investment advisory services to: (i) Greenlight Masters Partners, a Delaware partnership; (ii) Greenlight Masters, L.P., a Delaware limited partnership, which is a feeder fund for Greenlight Masters Partners and also makes some investments directly in hedge funds; (iii) Greenlight Masters Qualified, L.P., a Delaware limited partnership, which is also a feeder fund for Greenlight Masters Partners and also makes some investments directly in hedge funds; (iv) Greenlight Masters Offshore Partners, a British Virgin Islands partnership, which is also a feeder fund for Greenlight Masters Partners and also makes some investments directly in hedge funds; (v) Greenlight Masters Offshore, Ltd., a British Virgin Islands business company, which is a feeder fund for Greenlight Masters Offshore Partners; and (vi) Greenlight Masters Offshore I, Ltd., a British Virgin Islands business company, which is also a feeder fund for Greenlight Masters Offshore Partners (collectively, the “Masters Funds”). We make all investment decisions on behalf of the Masters Funds. Our, and our affiliate’s, Greenlight Masters GP, L.L.C. (a general partner of certain Masters Funds) (“GMGP”), primary responsibilities for the Masters Funds are to identify, interview, and select hedge fund managers that, as a group, can achieve the Masters Funds’ investment objectives. We are also responsible for allocating the capital of the Masters Funds to the managers selected. We also provide certain administrative and management services to
the Masters Funds by overseeing and tracking the investment managers with whom the Masters Funds have invested. The primary investment objective of the Masters Funds is to achieve high absolute rates of return while minimizing the risk of capital loss by investing with managers that focus on fundamental, valuation-driven securities analysis. The Fund makes investments in private investment funds or managed accounts that are (a) managed by managers that are not affiliated with us (the “Unaffiliated Funds”), and (b) managed by DME Capital Management, LP or its affiliates (the “Greenlight Capital Funds” and, together with the Unaffiliated Funds, the “Underlying Funds”). There can be no assurance that the Masters Funds’ investment objective will be achieved and investment results may vary substantially. The Masters Funds also invest directly in equity, debt or other securities and assets and cash (such investments being “Direct Investments”). We currently do not provide investment advisory services to clients apart from our management of the Masters Funds and do not participate in wrap fee programs, although our affiliates do provide advice to other persons and/or entities (including other privately-offered pooled alternative investment vehicles) and we and/or one or more affiliates may do so in the future. Investment advice is provided directly to each of the Masters Funds and not to the individual investors in the Masters Funds. As of January 31, 2024, the regulatory assets under management by Greenlight Masters, L.L.C. were approximately $826,233,687. All assets are managed on a discretionary basis. For a further discussion of these and related items, see Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations).