Bloomberg – Leon Cooperman’s $9.4 billion hedge fund firm Omega Advisors was subpoenaed by the U.S. Attorney’s Office in New Jersey and the U.S. Securities and Exchange Commission, which are seeking information on trading in certain securities.
Cooperman, the billionaire founder of Omega, said that the inquiries are at a “very early stage” and no one at the firm has been accused of any wrongdoing, according to a letter he sent to clients on Tuesday. The 71-year-old said that his firm is cooperating with both agencies and “is highly confident that it and its employees have at all times acted properly and lawfully.”
