The valuations are cheap, she says, and regional bank failures have played a role in that.
Another 25% drop in Icahn Enterprises shares is raising questions.
The tech venture giant reportedly sought more than $2 billion.
His hedge fund snapped up 150,000 shares of First Republic worth about $2 million.
Even so, the number of firms beginning with at least $1 billion now is smaller compared with the years preceding the 2008 financial crisis.
The fund, which uses a global macro strategy, gained 18.8% in 2020, before losing 8.9% and 3.4% in the following two years.
If Millennium loses money or returns less than 5%, it's still guaranteed fees equal to about 1% of client assets.
Here are the hedge fund winners and losers of 2022.
David Einhorn's $2 billion Greenlight Capital focuses on undervalued stocks.
David Einhorn’s Greenlight Capital climbed 36.6% last year, finally recouping losses that his flagship fund had posted since 2015. The fund rose 3...
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