Lee Cooperman Reminisces On The End Of An Era At Omega Advisors

Leon Cooperman wrote investors this month to inform them he's preparing to retire. Omega Advisors will be transformed into a family office at the end of the year, and at that time, the hedge fund will be redeeming the funds of all outside investors.

Cooperman is already winding things down, as we've learned his Q1 2018 letter was his last full-length letter. We took some time to review that letter in light of what happened during the second quarter.

Lee Cooperman prepares to say goodbye

In his goodbye letter, Cooperman referenced Kenny Rogers' song "The Gambler" and said this is the time to "fold 'em." He's now 75 years...