David Einhorn, the founder of Greenlight Capital, will be speaking at CNBC's Delivering Alpha Investor Summit in New York City on April 3, 2024.
Despite a cautious approach, Einhorn's fund has only returned 9% through the third quarter, significantly lagging behind the S&P 500's gain of over 20%. He describes the current market as the most expensive he has seen and has taken a conservative positioning strategy. His recent acquisitions include positions in Alight and Viatris, but his strategy has not generated substantial alpha.
Einhorn has allocated a significant portion of his portfolio to gold as a hedge against inflation.
Einhorn is known for his ability to navigate market turbulence and has achieved an annualized return of 26% over the past decade.
Market participants are eager to hear Einhorn's updated views on equity valuations and inflation at the upcoming summit.