Glencore Xstrata says merger to produce $2bn in savings

Glencore Xstrata says merger to produce $2bn in savings (via AFP)

Newly-merged mining giant Glencore Xstrata announced Tuesday that its fusion will create synergies allowing it to save at least $2.0 billion (1.5 billion euros) next year. “We have successfully and rapidly completed the integration of Xstrata, identifying…

David Einhorn’s Greenlight had a strong fourth quarter; Gains on Neubase Therapeutics [Q4 Letter]

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasDavid Einhorn's Greenlight Capital was up 5.2% in 2020, underperforming the S&P 500's 18.4% return. For the fourth quarter, the fund was up 25%, which was its best quarterly result ever. Longs contributed 42% during the fourth quarter, while shorts detracted 15% and macro detracted 1%. Q4 2020 hedge fund letters, conferences and more Growth Read More


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