(Reuters) Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. “We have no plans to turn into a family office,” Vice Chairman Steven Einhorn said on Monday at the Reuters Global Investment Outlook Summit in New York. “We still have a sizable asset base in the billions which provides an earning opportunity for the people who are with us.”
Omega invests roughly $4 billion, a decline from the $5.4 billion it oversaw in September when the U.S. Securities and Exchange Commission charged founder Leon Cooperman. Two years ago, it invested roughly $10.7 billion.
