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 plunge in wake of insider trading charges | afr.com
