Leon Cooperman wrote investors this month to inform them he’s preparing to retire. Omega Advisors will be transformed into a family office at the end of the year, and at that time, the hedge fund will be redeeming the funds of all outside investors. Cooperman is already winding things down, as we’ve learned his Q1 2018 letter was his last full-length letter. We took some time to review that letter in light of what happened during the second quarter. Lee Cooperman prepares to say goodbye In his goodbye letter, Cooperman referenced Kenny Rogers’ song “The Gambler” and said this is…
Lee Cooperman Reminisces On The End Of An Era At Omega Advisors
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.