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Assets at Leon Cooperman’s Omega Drop by $2.8 bn
The firm’s year-on-year asset decline is only partly explained by performance, suggesting the firm has suffered big redemptions.
Leon Cooperman, Omega Advisors (Bloomberg) Here is yet another reminder that the hedge fund business can be very unforgiving. A new regulatory filing from Leon Cooperman’s New York-based Omega Advisors suggests that the firm suffered nearly $2 billion in redemptions in the past year, amid a period of poor performance and a
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