Leon Cooperman is the chairman and CEO of Omega Advisors Inc., a New York-based hedge fund sponsor that primarily provides services to investment vehicles and pension and profit sharing plans. Before becoming chairman of Omega, Cooperman worked as chief executive officer of Goldman Sachs Asset Management for nearly 20 years. In 1991 he left the firm and founded Omega. Cooperman is a savvy investor. However, his last comments at the Value Investing Congress in New York surprised everyone.
As a result of the European crisis he said investors should not focus on Treasuries due to the drop of yields to record lows. Many of his colleagues are grabbing them desperately, despite the biggest yield compression that asset had since 2008. He suggested buying shares in a few companies, particularly Apple, Boston Scientific Corp., Qualcomm Inc. and SLM Corp., among others.
Source: Guru Focus
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