UPDATE 1-Einhorn's Greenlight Capital buys into GM again

April 20, 2015 11:59 PM

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April 20 (Reuters) - Hedge fund manager David Einhorn's Greenlight Capital has taken a new stake in General Motors Co , nearly a year after selling off it position in the automaker, the firm said in a letter to clients on Monday seen by Reuters.

The $11 billion fund believes General Motors has put behind it the impact of recalling more than 2.5 million vehicles in 2014 because of ignition switch problems. It expects GM to begin its $5 billion share buyback soon.

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