Leon Cooperman's Omega Hedge Fund Converts to Family Office
- Firm’s main fund is up 7% this year, billionaire manager says
- Assets under management at firm have slid in recent years
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Leon Cooperman, citing a line from the Kenny Rogers song “The Gambler,” says he knows when to “fold ’em.”
The hedge fund manager told investors that he plans to convert his Omega Advisors at year-end into a family office, managing his own money rather than that of other investors.