Leon and toby cooperman library hunter3/17/2023 ![]() ![]() Cooperman retired in 2016 and converted Omega to a family office. Omega Īfter leaving Goldman Sachs, he organized a private investment partnership, Omega Advisors, Inc. and as chairman and chief executive officer of Goldman Sachs Asset Management. Īt the end of 1991 after twenty-five years of service, Cooperman retired from his positions as a general partner of Goldman, Sachs & Co. While at Goldman Sachs, for nine consecutive years, Cooperman was voted the number one portfolio strategist in the Institutional Investor "All-America Research Team" survey. In 1989, he became chairman and chief executive officer of Goldman Sachs Asset Management and was chief investment officer of the equity product line including managing the GS Capital Growth Fund, an open-end mutual fund, for one and one-half years. He spent his first 22 years at Goldman in the Investment Research Department as partner-in-charge, co-chairman of the Investment Policy Committee and chairman of the Stock Selection Committee. Investment career Early career and Goldman Sachs ĭirectly after graduating from Columbia, Cooperman joined Goldman Sachs. He is also a Chartered Financial Analyst. ![]() Cooperman later received his MBA from Columbia Business School, graduating in 1967. After graduating, he became a quality control engineer at Xerox in 1965. As an undergraduate at Hunter College, Cooperman joined and was an active member of the Alpha Epsilon Pi. Cooperman was the first in his family to earn a college degree. Ĭooperman was born to a Jewish family in the South Bronx, New York City. As part of the settlement, Cooperman and Omega agreed to be subject to a compliance monitor with access to their electronic communications and trading records and to submit monthly certifications that they had not engaged in insider trading until 2022. Securities and Exchange Commission charged Cooperman and Omega Advisors with insider trading, more specifically for "trading stocks, bonds and call options of Atlas Pipeline Partners in July 2010 on information he obtained from an executive at the company." Cooperman's firm agreed to a $4.9 million settlement with the SEC in May 2017 but admitted no wrong-doing. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management, the majority consisting of his personal wealth. "Lee" Cooperman (born April 25, 1943) is an American billionaire investor and hedge fund manager. Starting Goldman Sachs's asset management arm ![]()
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