Billionaire investor David Einhorn’s Greenlight Capital hedge fund has taken new long positions in retailer Michael Kors Holdings Ltd. and electric services group UIL Holding Corp. , according to a new letter to shareholders, Reuters on Wednesday. Einhorn said the fund entered a fresh short position on Keurig Green Mountain Inc. at $102.08, saying “the second time has been a charm,” while exiting short bets against real estate group St. Joe Co. , U.S. Steel Corp. , Robert Half International Inc. and Intel Corp. . Greenlight liquidated positions in LAM Research Corp. and Citizens Financial Group Inc. . The letter said that between June 4 and Aug. 18, Greenlight Capital lost over 14%, according to Reuters. Einhorn told investors that issues remain for two of his three biggest positions, noting that problems kicked in at the start of summer in all three. He said it was a mistake not to hedge commodity risk connected to his position in Consol Energy Inc. .
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