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Hedge fund manager Cooperman optimistic toward stocks – CNBC

Reuters – Leon Cooperman, the chief executive officer of hedge fund Omega Advisors, said on Wednesday he is optimistic toward stock markets this year, while bonds are poised for a sell-off.

Cooperman, whose hedge fund had $7 billion in assets as of November, told CNBC television that “equities are in a zone of fair valuation to modest undervaluation,” while bonds are in a “bubble.”

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