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s have enjoyed roughly 7%. Compared to Berkshire Hathaway or the S&P insurance index, outperformance has be
r balance sheet information - the most recent earnings report. It is an analysis of how GLRE has benefitted David and the investors relative to the Greenlight funds. Because David elected to pursue this path, he is managing more than $2 billion for full fees that he would not otherwise have managed and al
s have enjoyed roughly 7%. Compared to Berkshire Hathaway or the S&P insurance index, outperformance has be
r balance sheet information - the most recent earnings report. It is an analysis of how GLRE has benefitted David and the investors relative to the Greenlight funds. EFTA00420046 Because David elected to pursue this path, he is managing more than $2 billion for full fees that he would not otherwise have
nlight Funds 1 1.81 8.97% $805,040 Berkshire Hathaway 86,170 119,202 4.43% $347,395 S&P Insurance
as an investor ($37 million if taxed): (a) $99.33 million in gains on $50 mil at inception and $50 mil at IPO; (b) Net gains on same investments in Greenlight fund - $38 million; and (c) If manager sells his GLRE shares — taxes would be $24 million. (4) A vehicle to eventually monetize the value of the ma
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