The Ackman-Einhorn Spread Has Widened to 2400 bps

Both Greenlight and Pershing shed about 20% in 2015. One fund manager learned from his sins and corrected (extra Delbert Grady) his ways, while the other, wantonly, and aggressively, Eddie Barzoon’d himself–barreling down Wall Street like a fucking errant bowling ball to the tune of a negative 21 odd percent drubbing.

This evening, in an email sent out to clients, Einhorn’s Greenlight capital reported it was up another 1.9% in February, putting it ahead by 3.3% for the year. Gains were most abundantly found in his KORS and M positions, as well as his shorts in ‘bubble’ stocks as well as his long position in gold.

On the other side of the mountain is a certain Mr. William Albert Ackman, currently under siege in an enormous bet gone wrong in VRX, as well as his HLF position careening upwards–exacerbating losses ranging to and from 18-23%.