Skip to content
Subscriber Only

Cooperman Says U.S. Seeks Information About Omega Trades

Leon Cooperman built a reputation as a stock picker over almost half a century by scrutinizing undervalued companies and asking management tough questions.

This week, the billionaire told his clients that the government is looking into some of the trades at his $9.4 billion hedge fund Omega Advisors. The firm, Cooperman wrote in a letter dated March 24, was subpoenaed by the U.S. Attorney’s Office in New Jersey and the U.S. Securities and Exchange Commission, which are seeking information on trading in certain securities.