Things are looking up for Leon Cooperman in 2015. His first quarter letter to Omega Advisors investors, reviewed by ValueWalk, reveals his firm’s portfolio returned 1.6% during the first three months of the year. Omega has picked up the pace significantly since, and as of April 15th, its year-to-date portfolio return was 4.3% gross.
SunEdison, Actavis Shine, Energy Bets Remain
SunEdison (NYSE:SUNE) and Actavis (NYSE:ACT) were Omega’s top two Q1 gainers, and its S&P strategy – described as the “selling of index options” – also played out well. Bets on Altisource Portfolio Solutions (NASDAQ:ASPS), Caesars Entertainment (NASDAQ:CZR) and...
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