Leon Cooperman May Charge Clients For Legal Fees As Omega Loses 50% Of AUM

Rupert Hargreaves

Published onNovember 30, 2016

Updated on May 14, 2021

Leon Cooperman

Clients of Leon Cooperman’s Omega Advisors could be in for a nasty shock when they look at the value of their investments at the end of the year.

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According to a report from Bloomberg News, Cooperman, who is currently embroiled in a legal battle with the SEC, is planning to withhold less than 1% of client assets if legal costs far exceed what he’s expecting, according to investors.

Rather than lumping the bill on clients straight away, Cooperman has informed his...

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Rupert Hargreaves

Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Leon Cooperman May Charge Clients For Legal Fees As Omega Loses 50% Of AUM

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