President Obama is requesting congressional authorization for military strikes in Syria, and at this point it appears likely that his case will be supported. Syrian President Bashar Assad’s regime has created plenty of conflict in the Middle East, but the last straw and what has prompted military action has been the use of chemical weapons.
Should the U.S. continue its planned limited military strikes, Bloomberg points out that the assets are already in place. Air bases on both sides of Syria and several ships in the Eastern Mediterranean and Red Sea are idly waiting for orders.
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