Billionaire Marc Lasry said he thought he was going to be a professional basketball player when he was a kid. While he played in college for one season at Clark University in Massachusetts, the founder of Avenue Capital ended up going to law school and then making billions of dollars as an investor. But he…

Read More

Legendary hedge-fund manager Leon Cooperman wasn’t pulling any punches as he sat for an interview in front of about 100 members of the hedge fund industry. First he lambasted the Securities and Exchange Commission (SEC), calling it abusive and mean. Then someone asked what he thought of private equity. “I think private equity is a…

Read More

Legendary hedge fund manager Leon Cooperman took a shot at the private equity industry, saying low interest rates that have fueled its returns won’t last. “I think it’s a scam personally,” Cooperman said Wednesday at an event hosted by the New York Alternative Investment Roundtable. Cooperman said declining rates are the main reason that leveraged…

Read More

Legendary hedge fund manager Leon Cooperman took a shot at the private equity industry, saying low interest rates that have fueled its returns won’t last. “I think it’s a scam personally,” Cooperman said Wednesday at an event hosted by the New York Alternative Investment Roundtable. With interest rates likely to rise over the next few…

Read More

Loretta McCarthy became a founding member of the venture capital fund Golden Seeds in 2005 after working as chief marketing officer at Oppenheimer Funds for 10 years. “At the time, women were not participating in capital formation at all,” said McCarthy, who is a managing partner at Golden Seeds, which finances women-led businesses. Today, McCarthy…

Read More

Opalesque Industry Update – The New York Alternative Investment Roundtable is pleased to announce BNY Mellon as its newest sponsor. BNY Mellon’s Alternative Investment Services group provides a comprehensive range of support services for all aspects of the alternative investment industry, with specific offerings for private equity funds, hedge funds, fund of hedge funds, real…

Read More

Tax reform has turned out to be a mixed bag in terms of its benefits to wealthy clients, according to a panel of tax specialists. The reform package’s rule regarding the repatriation of overseas cash could benefit investors by leading to rising dividends and stock buybacks, they said. But high-net-worth individuals are increasingly concerned about…

Read More