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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…

I listened to Leon Cooperman’s talk at an event hosted by the New York Alternative Investment Roundtable. There were a few members of the media present at the event and they decided that the most interesting part of Cooperman’s talk was his comments regarding the private equity industry. “I think it’s a scam personally” Cooperman…

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…

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…

Opalesque Industry Update – The New York Alternative Investment Roundtable is proud to announce that Alessandra (Ali) Tocco has been named the organization’s new president, as of September 1. As President, Tocco will continue to work with the current and outgoing president, Adam Weinstein, to transition all duties. The Roundtable is also proud to announce…

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…

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…

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…

The New York Alternative Investment Roundtable today announced that it has chosen its leadership for 2018. Following is a complete list of the NY-AIR’s Board of Directors, officers and Management Committee members. The new Management Committee, along with the NYAIR’s Board of Directors, will work to foster the organization’s efforts to promote awareness of the…