Omega Advisors, Inc. Up 2.3% YTD; Benefits From Macro Bets And Short PositionsRupert Hargreaves
Leon Cooperman's Omega Advisors gained 0.8% in the second quarter before fees and expenses. Year-to-date the fund is up 2.3%, beating the S&P 500, which is up only 1.2% year-to-date. However, Omega is lagging its wider hedge fund peer group, the Russell 2000 and Nasdaq Index, all of which have returned 4.0%, 4.1% and 5.3% respectively year-to-date, according to a letter to investors reviewed by ValueWalk.
During the second quarter . . .
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