Hedge Funds

Greenlight duo goes solo


Two analysts have left David Einhorn's $1.7 billion Greenlight Capital to start their own fund. Rob Butts and Josh Clark have opened up New York-based Southpoint Capital. The pair are said to be close to launching a deep value equity fund, which will will focus on special situations. The portfolio will hold on average between 10-20 long positions and 15-20 short positions.