Cooperman Goes Short Yen Amid Fear of Currency War

Leon Cooperman’s Omega Advisors gained 9.2 percent, net of fees, in the first quarter of this year according to a shareholder letter obtained by ValueWalk. The long equity portfolio contributed major gains whereas their credit portfolio also added +180 basis points to gross performance. Omega’s short equity book as well as futures and options trades detracted in Q1. The hedge fund netted the largest individual gains from a position in structured credit, whereas SLM Corp (NASDAQ:SLM), Tetragon Financial Group Limited (AMS:TFG) Atlas Energy LP (NYSE:ATLS) and Sprint Nextel Corporation (NYSE:S) are also among top performers. The fund was down in its positions in SandRidge Energy Inc. (NYSE:SD), Altisource Portfolio Solutions…