A few months before the dot-com bust, Greenlight lost 4% of its total capital on a short on Chemdex stock as it soared in price. A few months after Greenlight closed its position, Chemdex stock plunged to $2.In the third quarter of 2008, Greenlight lost 15% of its value, primarily from long positions on industrial companies like Helix Energy Solutions, when the SEC temporarily banned short selling of financial stocks. With the majority of Greenlight's money in bonds and long positions on stocks, this stopped hedge funds minimizing 'long' losses or offsetting them with short gains. Greenlight ended 2008 down 23%, its first annual loss. In 2009 Greenlight recouped its losses from 2008.Einhorn and Greenlight Capital were fined by the FSA for insider trading in January 2012.Greenlight Capital was down 20 percent for 2015.In February 2015, Greenlight Capital was ranked 53rd out of 58 hedge funds, with a D grade, in the Institutional Investor's Alpha Hedge Fund Report Card. This was the second year in a row Greenlight Capital received a D from IIA.Greenlight Capital greatly underperformed the bull market in 2017. For January 2018, Greenlights funds were down 6% for the month where the S&P 500 was up 5.6%.In March 2020 the fund posted loss of 21.5% as the global coronavirus pandemic drove the stock markets down.
