Lee Cooperman's Omega Up 1.8% in April, Rejects Recession Fears

Leon Cooperman’s Omega Capital Partners is down 4.2% net of fees YTD through the end of April. The fund was up 1.8% last month, according to an investor update reviewed by ValueWalk. Cooperman founded Omega Advisors in 1991; the firm manages $5.2 billion. Omega profits in oil equity longs Omega Capital Partners is not recovering well from the two down years it sustained in 2014 and 2015 when it was down 2.1% and 9.8% respectively. The fund’s top-performing equity longs so far this year are Targa Resources, Navient Corp, Williams Partners, Tribune Media and Energy Transfer Partners. Meanwhile bets in First Data Corp, Allergan, Citigroup, and United…