Things are looking up for Leon Cooperman in 2015. His first quarter letter to Omega Advisors investors, reviewed by ValueWalk, reveals his firm’s portfolio returned 1.6% during the first three months of the year. Omega has picked up the pace significantly since, and as of April 15th, its year-to-date portfolio return was 4.3% gross. SunEdison, Actavis Shine, Energy Bets Remain SunEdison (NYSE:SUNE) and Actavis (NYSE:ACT) were Omega’s top two Q1 gainers, and its S&P strategy – described as the “selling of index options” – also played out well. Bets on Altisource Portfolio Solutions (NASDAQ:ASPS), Caesars Entertainment (NASDAQ:CZR) and Qualicorp, on the…
Omega Advisors Q1 Letter: Long Dow Chemical, Short USTs
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.