Great Story about Hedge fund star David Einhorn is best known for making a killing by riding the collapse of Lehman Brothers. This time, the Greenlight Capital manager got caught on the other side.

One of the biggest short squeezes in history battered Greenlight, along with other hedge funds, as soaring shares in Volkswagen AG briefly made the car maker the world's most valuable company.

Volkswagen shares were propelled by hedge funds willing to pay virtually any price to cover their speculative positions, spurring one of the biggest hedge fund massacres in history. Greenlight was among those that suffered heavy losses, German media and Reuters reported last night.

Now I feel better!

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