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'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
