Friday, June 28, 2013

This Hedge Fund Honcho Really Delivers the Alpha



It's becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie "Groundhog Day," the themes of the Omega Advisors founder's presentations seem to repeat themselves time and again. 

The former Goldman Sachs Asset Management CEO started Omega in 1991. When this year began it had $7.3 billion in assets under management, good enough for No. 73 in the Hedge Fund 100 ranking of the world's biggest hedge fund firms compiled by Institutional Investor's Alpha.  The firm's flagship fund returned between 27 and 28 percent last year and posted first-quarter gains of 9 percent to start 2013—putting it among the best-performing hedge funds…..


Read all about it at http://www.cnbc.com/id/100848963

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