Hedge Fund News: Leon Cooperman, Hugh Sloane & Michael Zimmerman

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Alpha addict: The amazing career of Leon Cooperman (CNBC)
The hedge fund manager’s stock-junkie lifestyle starts at 5:15 a.m. on weekdays, when he wakes up in the Short Hills, New Jersey, house he’s lived in for 36 years. He then drives to the Manhattan offices of his $10.7 billion Omega Advisors, getting in by 6:30 a.m. (he took the ferry for 30 years before the firm recently moved from Wall Street to midtown). Cooperman then digs in to investing for 12 hours—including a working lunch in the office—bouncing between grilling corporate executives in person or on the phone, consulting with his 18-person research team and reading company reports. By 6:30 p.m., it’s off to a business dinner with more CEOs or fellow investors like Mario Gabelli of Gamco Investors and Bill Priest of Epoch Investment Partners…

OMEGA ADVISORS

Eclectica Trader To Allianz (Finalternatives)
Allianz Global Investors has lured a hedge-fund trader to join a new emerging-markets debt team. Eoghan McDonagh was named a senior trader at Allianz’s global emerging markets debt business. He joins the insurer-owned asset management from hedge fund Eclectica Asset Management. McDonagh will work alongside fellow new hires Naveen Kunam, Shahzad Hasan and Vlad Andryushcheckno on a team led by Kunam and Hasan. The four will be based in London.

OCBC stands firm on Wing Hang offer despite hedge fund buying (BusinessTimes)
OCBC, Singapore’s second-biggest bank, said on Tuesday it would not increase its offer for Wing Hang Ltd, even as US hedge fund manager Elliott Management Corp took a near 8 per cent stake in the Hong Kong lender. Oversea-Chinese Banking Group (OCBC), which made a US$4.95 billion bid earlier this year for Wing Hang, has already gained over 50 per cent of the Hong Kong lender, but needs 90 per cent to delist Wing Hang’s shares from the market.

Sloane Robinson Snaps Winning Streak (InstitutionalInvestorsAlpha)
London-based hedge fund firm Sloane Robinson produced five straight years of disappointing results in one of its main funds, but appeared to have turned things around last year with a huge gain. But the fund has fallen off the performance wagon once again. The firm’s SR Global Fund-International lost 14 percent in the first half of the year, and this is after it had gained 4 percent in June, according to its latest monthly investor report, obtained by Alpha. This must be a huge disappointment to not only Hugh Sloane, who runs the fund, but to investors as well.

Billionaire Hedge Fund Manager And Wife Knew They Shared ‘Same Values’ After Seeing Malcolm X (Breitbart)
The wife of a hedge fund manager at the centre of London’s most expensive divorce case has told how she and her former husband realised they had the “same values” when he took her to see the film ‘Malcolm X’. According to Bloomberg, Jamie Cooper-Hohn, the soon-to-be ex-wife of billionaire fund manager Christopher Hohn, told the court that she had originally turned down an offer of a date by Mr Hohn, fearing that all he wanted to do with his life was make money.

Bailout forever changed banks: McCulley (CNBC)

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