Hedge Funds
This is the hedge fund returns version of the activist investing daily, with a focus on how a couple big activists are doing. CNX is off 76% YTD, SUNE off 59% and MU down 50%. Yet, Einhorn still believes that all three of these position will work out. As Einhorn noted in the recent quarterly letter: "It takes time, diligence, and possibly even some directed guidance for new investors to get up to speed. Lacking a strong incentive to dig through the numbers, some investors simply see a falling knife and look no further. This is what we see from...