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Cooperman Says Omega’s Assets Fell to $4 Billion Amid Case

By Tony Seruga

Hedge fund manager says he’s prepared to run firm at a loss
Says rejected SEC offer of about $8 million to settle the case

Leon Cooperman, the hedge-fund manager accused of insider trading, said Tuesday that his Omega Advisors Inc. will continue investing money for clients even as its assets have dropped to $4 billion.

“I have to make adjustments in the team but I’m prepared to run the business at a loss,” Cooperman said in an interview with Bloomberg Television. “We’re not retiring, we’re not sending back the money.”…

Cooperman Says Omega’s Assets Fell to $4 Billion Amid Case

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