 Bloomberg -- David Einhorns hedge funds fell 5 in June as value stocks lagged growth shares in the month.The drop extends Greenlight Capitals loss for the year to 20.7, according to an investor update on Tuesday viewed by Bloomberg.The SP; 500 index gained 1.8 in June, helping to make the quarter the best since 1998 as investors assessed better-than-estimated economic data amid concern over new coronavirus cases and trade relations with China.Einhorns value-oriented investment strategy has largely gone against market trends in recent years. Hes still recovering from losses that started in 2015, when his main fund fell 20, and deepened with a record 34 decline three years later.At the end of May, there was a short-lived pivot toward beaten-down shares as recovery bets mounted. That fizzled in June, with growth stocks again climbing and value losing ground.Greenlight managed 2.6 billion as of Jan. 1, down from 12 billion at its peak.A spokesman for New York-based Greenlight declined to comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P. 