Omega Heads To Midtown

Jul 26 2013 | 10:35am ET

Omega Advisors is moving on up—to midtown Manhattan.

The hedge fund giant is giving up its home of 18 years in the city's Financial District to take over the 33rd floor of 810 Seventh Avenue, between 52nd and 53rd streets. Omega signed a seven-year lease for the 17,320 square feet.

Omega founder Leon Cooperman told Business Insider that while the firm was "very happy at 88 Pine… the partners of the firm wanted to go uptown." Cooperman added that the "extreme problems" at Wall Street Plaza in the wake of Hurricane Sandy had nothing to do with the firm's decision.

Correction: An earlier version of the article listed the incorrect name of the hedge fund firm that was moving.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...