Greenlight Capital Re 2Q14 Earnings Call Notes

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This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha

Einhorn up 7.3% so far through June

” The Greenlight Re investment portfolio returned 8.1% in the second quarter bringing the 2014 net return to 7.3%.”

Cautiously positioned

“The investment portfolio ended the quarter 48% net long which is down about 4% from the beginning of the quarter. As the market continues to rise from the face of conflicting economic data, global unrest and looming overdue Fed exit from quantitative easing we remain cautiously positioned. ”

2.6% decline in July

“In the month of July our investment portfolio lost 2.6%. Despite a positive results from Apple we had a large number of small losses throughout the rest of the portfolio that summed up to a losing month. None of the losses were large and the real problem was a lack of other significant winners.”