Leon Cooperman’s Hedge Fund with $5.4b AUM Charged with Insider Trading

[kreslik.news]

Leon Cooperman’s hedge fund Omega Advisors, Inc. has been charged with insider trading by the U.S. Securities and Exchange Commission (SEC). The news comes as a big surprise for the industry as Cooperman is a renowned asset manager who is one of the founders of Goldman Sachs Asset Management.

The hedge fund which as of the 31st of August has $5.4 billion in assets under management has been losing investors in recent quarters as the value of the funds inits custody was closer to $6.7 billion as of the end of last year, which was yet lower by a quarter from ... (read more)