David Einhorn’s Greenlight Capital sold its remaining shares of Apple Inc on growing fear of “Chinese retaliation against America’s trade policies,” according to a letter sent by the hedge fund to investors.
Einhorn in August slashed his bet on Apple by 77 per cent to 142,100 shares. The firm sold the remaining Apple stock on Aug. 31 at $228 per share.
Apple did not immediately respond to a request for comment.
The company’s shares were down 2 per cent at $223.43 on Friday.