Greenlight Capital 3Q16 Earnings Call Notes

David Einhorn – Chairman

YTD return at 2.1%

“Thanks, Bart, and good morning, everyone. The Greenlight Re investment portfolio returned 3.1% in the third quarter, bringing the year-to-date return through September 30 to 2.1%. Our long portfolio added 8% in the quarter while, the short portfolio detracted 4.1%, macro positions were essentially flat.”

I’m sure various securities will be impacted by the election

“I’m sure it matters to a lot of the holdings. It is not clear what it matters to the portfolio as a whole, however…The portfolio is a mix of longs and shorts, and I’m sure various of the securities will be impacted in different ways based upon whatever the outcome of the election is.”