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Green Brick Partners (GRBK) Continued its Rally in Q3

Greenlight Capital, an investment management firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the Greenlight Capital funds returned 1.1% net of fees and expenses, compared to 5.9% for the S&P 500 index. The firm experienced a peaceful quarter due to prudent positioning and modest equity beta exposure. Greenlight Capital’s both longs and shorts rose marginally less than the market. The macro portfolio saw a solid quarter due to the significant increase in gold prices. The portfolio was lost on equities index...