(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."

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