New York: A Talk with Leon Cooperman ’67, CEO, Omega Advisors
Presented by the Columbia Business School Alumni Club of New York
Tuesday, May 20, 2014 from 6:00-8:00 p.m.
Reed Smith Law Firm, 599 Lexington Avenue, New York, New York
Cost: $35 Members; $60 Non-members
Leon Cooperman ’67, Founder, Chairman, and CEO of Omega Advisors, a New York based investment advisory firm managing more than $6 billion in assets, and a member of the Columbia Business School’s Board of Overseers.
Mr. Cooperman will speak about the equity markets, his current best investment ideas, his career, and his career advice for Columbia Business School alumni. Mr. Cooperman will be interviewed by Michael Oliver Weinberg ’98, Adjunct Associate Professor of Finance and Economics.
Leon G. Cooperman is the chairman and CEO of Omega Advisors, a private investment partnership he organized in 1991. Previously, he spent 25 years with Goldman Sachs, where he was a partner and served as chairman and CEO of Goldman Sachs Asset Management. While at Goldman Sachs, Mr. Cooperman was voted the number one portfolio strategist in the Institutional Investor All-America Research Team survey for nine consecutive years. This remarkable accomplishment solidified his reputation as the most incisive analyst on Wall Street. At Omega Advisors, he has brought the same thoughtfulness and dedication to managing portfolios, and now oversees in excess of $10 billion in assets, resulting in his renown as one of America’s most influential investors. In 2013, Mr. Cooperman was inducted into Alpha Magazine’s Hedge Fund Hall of Fame.
Not content to rest on professional success, Mr. Cooperman has devoted his time and efforts to various charitable causes. He is a member of the Board of Overseers of Columbia Business School. Additionally, he is a member of the board of directors of the Damon Runyon Cancer Research Foundation, a member of the investment committee of the New Jersey Performing Arts Center, and board chairman of Green Spaces, a committee organized to rebuild parks in Newark, New Jersey. Mr. Cooperman is chairman emeritus of the Saint Barnabas Development Foundation. He served on the board of directors of ADP for 20 years until 2012, including 10 years as chairman of its audit committee. For his efforts, he has been recognized with the 2003 American Jewish Committee Humanitarian Award, the 2006 Seton Hall Humanitarian of the Year Award, the 2009 Boys & Girls Clubs of Newark Award for Caring, and the 2009 UJA-Federation of New York’s Wall Street and Financial Services Division Lifetime Achievement Award. He also received the Herbert H. Lehman Award for his professional achievements, philanthropic efforts, and his longstanding support for the American Jewish Committee.
Mr. Cooperman received his undergraduate degree from Hunter College, where he has been inducted into the Hall of Fame. He is the recipient of an honorary doctorate of humane letters from Hunter College and an honorary doctorate of finance from Roger Williams University. Mr. Cooperman earned his MBA from Columbia Business School in 1967. He and his wife, Toby, have two sons and three grandchildren.
For two decades, Michael has invested directly, at the security level, and indirectly, as an asset allocator, in traditional and alternative asset classes. Michael has spent the last 9 years as an asset allocator at FRM, a diversified multi-strategy fund of fund. At FRM he headed the $2-4Bn equity and event business and was on the investment and management committees. As a member of FRM’s investment committee, he has been involved in Credit, Relative Value, Macro and asset allocation decisions. Michael also has been involved in FRM Capital Advisors (FCA), FRM's seed business, since its inception. Prior to FRM he was a direct investor, investing in publicly traded securities. Michael was an equity and event long/short portfolio manager at Soros (for George Soros and Stanley Druckenmiller), the macro fund and family office, and a multi-strategy prop desk and hedge fund, Modal Capital Partners, at Credit Suisse First Boston. At Soros and Credit Suisse he was a generalist, investing in all S&P sectors and industries. Before that he was a Real Estate analyst at Dean Witter. Michael's education includes a B.S. in Economics from NYU's Stern School of Business, an M.B.A. from Columbia University and the CFA charter. Michael is a member of The Economic Club of New York, The New York Society of Security Analysts, The CFA Institute and The International Association of Financial Engineers.