Daily Archives: January 6, 2017, 12:00 pm

Omega’s assets plunge in wake of insider trading charges | afr.com

Hedge fund investor Leon Cooperman, the chief executive of Omega Advisors, told CNBC his firm’s assets had shrunk to $US3.4 billion after the US Securities and Exchange Commission’s insider trading charges. Cooperman, whose firm managed roughly $US10.7 billion about two years ago before being charged by the SEC last September, said the agency’s charges had damaged his business. via Omega’s assets…

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