Billionaire Leon Cooperman started his hedge fund, Omega Advisors, in 1991. With total assets under management of some $6 billion, the fund applies an equity long/short strategy based on macro and fundamental analysis. Since its inception, Omega Advisors has been returning 13.8% per annum, on average and net of fees, significantly outperforming most of its peers. Last year, Omega Advisors netted a return of 26% and the hedge fund's Omega Overseas Partners A fund was the fifth best-performing fund for 2012, according to Bloomberg Markets magazine.
Here is a closer look at five bullish dividend-paying positions in Omega Advisors' latest portfolio, representing either new positions or stock ownership stakes that have been increased markedly: NYSE Euronext, Inc. (NYX), Freeport-McMoRan Copper & Gold Inc. (FCX), Chimera Investment Corporation (CIM), Linn Co, LLC (LNCO) and Merck & Co. (MRK).
Source: Seeking Alpha
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