Einhorn's Greenlight Up 5.7% in August While Third Point Drops (Bloomberg) David Einhorn 's hedge fund bucked last month's equity-market slump, posting a 5.7% gain as competitors including Dan Loeb 's Third Point slipped. The advance brings Greenlight Capital 's increase for the year to 20%, according to a person familiar with the matter who asked not to be identified discussing private information. August was more muted at Third Point, where the main fund fell 0.2% in August and is down 20% for the year, according to an investor letter seen by Bloomberg.