Leon Cooperman’s Omega Advisors Gets Battered In 2014
Leon Cooperman’s Omega Advisors had a rough year, losing 4.2% in the fourth quarter and losing 2.8% for the full year while the S&P 500 was up more than 13%, but even that overstates the performance for most of their investors because it was calculated for general partners who don’t pay a management fee, while investors pay either a 1% or 1.5% management fee depending on when they . . .
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