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Einhorn’s Greenlight Capital plans to raise money – Bloomberg

(Reuters) – Billionaire David Einhorn’s hedge fund Greenlight Capital Inc plans to raise money for the first time in two years, Bloomberg reported, citing an investor.

The hedge fund plans to take advantage of the recent market turmoil, Bloomberg said.

The hedge-fund will begin accepting capital from existing investors on Nov. 1 and new clients from Dec. 1, the investor told Bloomberg.

Greenlight has been closed to new cash since the first quarter of 2012, Bloomberg said.

The company could not immediately be reached for comment.

The company’s September performance was hurt as two of its biggest investments, SunEdison Inc and Marvell Technology Group Ltd dropped in the month.