A presentation just released by the U.S. Department of the Treasury looks back at the financial crisis, 5 years later. Various economic data is included, but the most interesting slide is the overview of what the government’s response has been.
The below list of government actions over the last 5 years show which aspects of the economy each program was intended to support. In some form, consumers and the financial markets were the intended beneficiaries of every action the government has taken.
David Einhorn’s Greenlight had a strong fourth quarter; Gains on Neubase Therapeutics [Full 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