Einhorn set to author book on Allied Capital

NEW YORK (Reuters) - Activist hedge fund manager David Einhorn is about to add another title to his resume: author.

Einhorn, president of Greenlight Capital, has almost finished writing a book based on his public battle with Allied Capital Corp. (ALD.N: Quote, Profile, Research, Stock Buzz), a small-business finance company, he said on Monday at the Reuters Investment Outlook 2008 Summit in New York.

The book, due out in the spring, is tentatively titled "Fooling Some of the People All of the Time." Einhorn alleged in 2002 that Allied inflated the values of the companies in which it invested.

But Einhorn said the book will have a "much broader point to make than whatever has gone on with Allied." The broad thrust of the book "has to do with what happens if we don't force the rules," he said.

"It is a big story and it is a hard one to tell in a thousand words or fifteen hundred words or something like that, so I've decided to write 103,000 words," he said

Einhorn said Allied refused to meet with him.

Through a spokesman, Allied on Monday declined to comment on Einhorn's book, which will be published by John Wiley and Sons, Inc.

Asked what kind of audience he wants to target, "I figured my mom won't read it," Einhorn joked. "But she said she is going to throw me a party and invite 15 friends, so it will be all right."

(For summit blog: summitnotebook.reuters.com/)

(Reporting by Jennifer Ablan; editing by Leslie Adler)