(Bloomberg) — Hedge fund manager David Einhorn affirmed his confidence in some of the stocks that dragged his portfolio to its worst performance since the financial crisis.

"It's been a challenging environment," Einhorn said Thursday in a conference call discussing results at Greenlight Capital Re Ltd., the Cayman Islands-based reinsurer where he is chairman. "We're optimistic that we should get some recovery from our beaten-down long portfolio."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.