Adam Jeffery | CNBC
David Einhorn, founder of Greenlight Capital.
Billionaire hedge fund manager David Einhorn is in a rut.
His Greenlight Capital fund fell 7.7 percent in June and was down nearly 19 percent for the first half of the year, according to a performance update seen by CNBC. At the same time, the S&P 500 was up 1.7 percent.
The down-on-his-luck investor may take comfort in history, however. Fellow value-style champion Julian Robertson of Tiger Management had his own high-profile stumble during the momentum-driven tech stock surge of 1999 and 2000, a period that preceded a big shift back to value investing.
