Billionaire David Einhorn's hedge fund Greenlight Capital plans to raise money for the first time in two years, CNBC has confirmed.
The hedge fund plans to take advantage of the recent market turmoil.
The news was originally reported by Bloomberg.
The hedge-fund will begin accepting capital from existing investors on Nov. 1 and new clients from Dec. 1.
Greenlight has been closed to new cash since the first quarter of 2012.
The company could not immediately be reached for comment.
The company's September performance was hurt as two of its biggest investments, SunEdison and Marvell Technology Group dropped in the month.
—CNBC contributed to this report.