A recent quote in Reuters from famous hedge fund manager Cooperman who manages billions of assets and 10% of Monitise, see below
(Reuters) - 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.
"That's a five bagger," Cooperman, who runs Omega Advisors, said about Monitise (MONI.L) 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 (ESRX.O)Qualcomm Inc (QCOM.O) Citigroup Inc (C.N), Metlife Inc (MET.N) and American International Group Inc (AIG.N). 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.
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