Tuesday, 31 May 2016
Last updated 3 days ago
Dec 1 2011 | 10:24am ET
Legendary hedge fund manager Leon Cooperman has joined the UCITS III bandwagon.
Cooperman's Omega Advisors will launch a retail hedge fund on Deutsche Bank's UCITS platform this month. The new fund, a UCITS-compliant version of Omega's Overseas Partners fund, will be managed by Cooperman himself.
"Partnering with hedge fund veteran Leon Cooperman represents another key milestone for Deutsche Bank and is testament to our investors that dbalternatives will strive to provide access to the world’s leading hedge fund managers in UCITS," Deutsche Bank's Tarun Nagpal said. "We are confident that Leon’s expertise and longstanding success will make the planned fund attractive to investors."
Cooperman recently made headlines with an open letter to President Barack Obama, saying he planned to vote for Republican candidate Mitt Romney—no backup plan should Romney fail to win his party's nomination—in November.
"The polarizing tone of your rhetoric is cleaving a widening gulf, at this point as much visceral as philosophical, between the downtrodden and those best positioned to help them," Cooperman wrote.