Know When To Fold 'Em: Billionaire Leon Cooperman To Close Hedge Fund After Big Comeback

in money •  6 years ago 

Billionaire hedge fund manager Leon Cooperman, one of this generation's most successful and highly watched investors, is closing his hedge fund Omega Advisors after 27-years and will convert it to a family office. Cooperman, 75, characterized the move as returning client money at a high after a run of strong performance, and citeda famous line in Kenny Rogers' classic ballad The Gambler, "You've got to know when to hold 'em, know when to fold 'em."https_%2F%2Fblogs-images.forbes.com%2Frobertadams%2Ffiles%2F2017%2F03%2Fworlds-top-10-most-successful-blogs-1200x800.jpg

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6 years ago by

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