LAS VEGAS May 9 Billionaire hedge fund manager
Leon Cooperman listed some of his favorite stocks on Thursday
and said the biggest winner of all might be mobile banking
company Monitise Plc
"That's a five bagger," Cooperman, who runs Omega Advisors,
said about Monitise at the SkyBridge Alternatives Conference on
Thursday. "That's the one I would pick to win a contest with,"
he said on a panel that discussed fund manager's best ideas.
Cooperman also said he likes Express Scripts Holding Co
Qualcomm Inc Citigroup Inc, Metlife Inc
and American International Group Inc. AIG
recently replaced Apple as the hedge fund industry's favorite
stock, according to a report from Goldman Sachs.
Cooperman's roughly $7 billion Omega Advisors, founded in
1991, has been one of the industry's stand outs, delivering
double digit returns last year when most managers were in the
low single digits.
John Burbank, who runs $3.7 billion Passport Capital, said
he likes technology companies including Yelp Inc and
And Oscar Schafer, chairman of hedge fund Rivulet Capital
and a long-time participant in the Barron's Roundtable of top
money managers, put his money on rental car company Hertz Global
Holdings Inc, which he said has room to trade up to $45
a share from its current $24.56 price.