Two players each from Manchester City, Tottenham Hotspur and West Ham United made Richard Jolly's Premier League team of the week. Predictably so, as all three teams came away with memorable victories at the weekend.
David Silva and Leroy Sane were once again the men to step up and deliver for runaway league leaders City, who are now one win away from clinching the championship. For Spurs, who recorded their first win at Stamford Bridge in 28 years, it was not Harry Kane who made an impact, for a change - as the England international was making a comeback from injury - but in fact Deli Alli and Christian Eriksen.
West Ham bounced back following criticism from their supporters to thrash Southampton 3-0, thanks in large part to the efforts of young centre-back Declan Rice and striker Marko Arnautovic, who scored twice against the Saints.
Swipe left/right on your browser to see who else made the best XI.
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Read more
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Man City set up chance to seal title against United after another passing masterclass
Salah's Liverpool hot streak propels him towards Premier League scoring records
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The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press
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The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
