Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund News: Leon Cooperman, Robert Citrone, Daniel Loeb

Watch Leon Cooperman’s Biggest Positions Get Hit (CNBC)
The vultures were circling Leon Cooperman‘s biggest positions after the SEC announced at 10:47 a.m. ET Wednesday it was charging the billionaire and his firm Omega Advisors with insider trading. The speculation by the traders knocking these stocks is that Cooperman will face big redemptions because of the charges and that in turn may force the firm to sell some of his holdings to cover those redemptions. The hardest hit positions were the smaller stocks where a combination of their light trading volume and Omega’s position size would make it difficult for the hedge fund to exit the position in an efficient manner.

Leon Cooperman Omega Advisors

Tiger Cub Citrone Sees Market in Biggest Correction Since 2008 (Bloomberg)
Robert Citrone, the Tiger cub who now runs one of the best-known macro hedge funds, is warning investors that the market moment they’ve been anticipating is at hand. “We believe we are in the midst of the market correction we have been expecting,” Citrone, founder of Discovery Capital Management, told investors in an e-mail obtained by Bloomberg. “It will likely persist over the next 3-4 months and be the largest correction since the 2008 crisis,” he said. The firm managed about $12.4 billion at the start of 2016.

Third Point’s Loeb: BOJ Move Will Be ‘Positive’ For Markets (Reuters)
Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan’s monetary policy move, but added corporate reform is still needed to help revive growth. The Japanese central bank announced earlier on Wednesday it would target interest rates on government bonds and Loeb said the move will have “very positive implications for the market.” Loeb, whose $16 billion Third Point fund has been investing in Japan for years, was speaking at the Reuters Newsmaker event featuring Japan’s Prime Minister Shinzo Abe.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.