15 Jul 2014 The amazing career of Leon Cooperman ( Portfolio )

Omega practices a classic value strategy with a focus on picking undervalued American stocks selected on the basis of broad and deep research. While Cooperman mostly looks at micro company developments, he uses macroeconomic analysis led by longtime top deputy Steve Einhorn to inform how much risk to take and when to dabble in other asset classes, like international stocks, bonds, currencies, commodities and equity indexes. The firm also takes positions against some overvalued stocks using short bets, but the vast majority of its historical profits have come from the long side, according to an Omega's investor presentation...