Omega Advisors Q1 Letter: Long Dow Chemical, Short USTs

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…