Firefly Value Partners, a value-orientated hedge fund with David Einhorn backing and $479 million of assets under management, lost 4.9% for the third quarter of 2016. Longs contributed 4.8% and shorts cost 10.6%. At the end of the quarter, Firefly was approximately 112% invested on the long side and 65% invested on the short side with 24 longs and 60 shorts. Year-to-date the Firefly Value fund has produced a return of 8% for investors and since inception (end 2007) Firefly has returned 127.6% gross and 74.3% net. The fund’s top winner for Q3 was Rice Energy Inc with a gain...