Greenlight Capital recently posted their Q4 2012 letter (hat tip to Marketfolly for quickly posting). For the year they ended up 7.9% net with (4.9%) in Q4. Since inception (1996) Greenlight has returned 19.4% annually (impressive stuff to say the least). In the letter they disclose that they were hurt by Iron Ore Shorts, the rally in Green Mountain, and the poor performance by Apple. They also disclosed that they continue to be bearish on the Yen (sharing Kyle Bass's thesis). He also continued to reiterate his bullish thesis on both MRVL and VOD.
Enjoy.
Greenlight-Capital-Q4-2012
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