MiB: Leon Cooperman, Omega Advisors

This week, on our Masters in Business radio podcast, we speak with Leon Cooperman of Omega Advisors.

He studied for his MBA from Columbia University, where he became steeped in the methods of deep value investment. After earning his MBA, his began his career in the Investment Research department at Goldman Sachs in 1967. He stayed there for 22 years, eventually running the research department. Institutional Investor ranked him number one for Portfolio Strategy each year from 1977-1985.

He then launched Goldman Sachs Asset Management in 1989. In addition to becoming CIO + CEO of GSAM,he was also the Investment Policy Committee and chairman of the Stock Selection Committee.

After 25 years, Cooperman left Goldman to launch, launched Omega Advisors, now a 9.3 billion dollar hedge fund. The firm’s flagship fund has outperformed the S&P 500 by 450 basis points over that time; the tax sensitive fund, launched in the early 2000s, has dome even better.

Listen to the broadcast portion on Bloomberg radio; the  full podcast is now available on iTunesSoundCloud and on Bloomberg. Earlier podcasts can be found on  iTunes and at Bloombergview.com.

Be sure to check out our conversation next week with David Kotok of Cumberland Advisors.

 

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