Hedge Crunch FinancialLeon Cooperman
Sohn Conference Picks Disappointing
The Sohn Investment Conference is one of the year’s most respected conference for the hedge fund investor and wannabes. Fund managers of means come to support a charity and share their predictions for the coming year. However, it seems the crystal balls from last year were not operating at peak performance, with only two of […]
Hedge Funds Dropping Apple Even as Shares Climb
According to Friday’s mandatory regulatory 13F filings, top US hedge fund firms are reducing, or seriously divesting of their stakes in the wildly successful consumer electronics firm Apple Inc. Philippe Laffont’s Coatue Management sold off 1.2 million shares over the past quarter, but Apple is still the fund’s single largest US holding, with 7.7 million […]
Cooperman and Icahn Agree that eBay Should Spinoff PayPal
In a rare moment of agreement, Leon Cooperman, CEO of Omega Advisors hedge fund; and iconic investor Carl Icahn, agreed that the best thing for eBay to do at the moment would be to spin off its PayPal online payment business. “I give Carl a lot of credit for taking the time and showing the […]
Small Investors Have Window Into Larger Fund’s Activities with 13F Filings
According to a regulatory filing by Investor’s Soros Fund Management, George Soros, fund manager, sold off 7.85 million shares of US Airways Group Inc during the second quarter of 2013. The decision to sell was well-timed; on Tuesday the US Justice Department prevented a proposed merger of US Airways with AMR Corp, the parent company […]
Boockvar Moving to Omega After 18 Years with Miller Tabak
Miller Tabak equity strategist Peter Boockvar is changing venues after a tenure there of 18 years. Boockvar is moving on to work as a strategist and money manager at Omega Advisors, taking on a similar role to what he had at Miller Tabak. Omega manages about $7 billion and is led by Leon Cooperman and […]