Greenlight's Einhorn says inflation could surge even more. Here is how he's hedging surging prices

David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019.
Adam Jeffery | CNBC

Greenlight Capital's David Einhorn said inflation could still surprise to the upside, even with the Federal Reserve tightening monetary policy.

The star hedge fund manager revealed Tuesday in an investor letter that his firm has added a number of new positions to hedge against surging prices during a market-beating quarter for Greenlight.