NEW YORK (CelebrityAccess MediaWire) — David Einhorn's hedge fund vehicle Greenlight Capital recently picked up a substantial (5.2%) stake in Ticketmaster, SEC filings revealed.
Einhorn came to the fore with his short positions and analysis on the investment bank Lehman Brothers presaging the firm's dramatic dissolution in early 2008. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities and unlike many other hedge funds, Greenlight reportedly doesn't leverage itself and it doesn't often seem to generate a high trading volume.
Einhorn is considerd a canny investor and although he is perhaps best known for his short positions, he does go long as well with substantial holdings in firms such as Microsoft and Target. The combination of his reputation and his interest in Ticketmaster may well bolster the company's profile with other Wall Street investors. – CelebrityAccess Staff Writers
