Subject: More Third Point...
From: "Arlene Busch" <[email-masked]>
To: <[email-masked]>, <[email-masked]>, <[email-masked]>, <[email-masked]>
Cc: <[email-masked]>, "Arlene Busch" <[email-masked]>
Date: Mon, 7 Jan 2013 10:12:33 -0700

Loeb, Cooperman stand out in horrid year for hedge funds
From CNBC.com: Dan Loeb's Third Point was the clear hedge fund standout in a horrible year for the industry as almost nine out of 10 managers underperformed the S&P 500. Omega Advisors' Leon Cooperman also scored big...

... The very biggest winners among hedge funds were those that bet on a comeback in mortgage securities that collapsed during the housing crisis. Pine River Capital Management had two funds that posted 30 percent returns in 2012 because of these holdings, according to data by HSBC.

One would be remiss without mentioning Omega's Leon Cooperman, whose fund had a net return of 26 percent in 2012. The legend did it through old-fashioned stock picking with AIG, SLM, and Sprint Nextel among his biggest winners for the year. For 2013, Cooperman is betting on stocks such as Qualcomm and Google

Arlene Busch
312-498-9595 mobile
[email-masked]<mailto:[email-masked]>