Cooperman Says Omega’s Assets Fell to $4 Billion Amid Case

(Bloomberg) Leon Cooperman, the hedge-fund manager accused of insider trading, said Tuesday that his Omega Advisors Inc. will continue investing money for clients even as its assets have dropped to $4 billion.

“I have to make adjustments in the team but I’m prepared to run the business at a loss,” Cooperman said in an interview with Bloomberg Television. “We’re not retiring, we’re not sending back the money.”

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply