Know When To Fold 'Em: Billionaire Leon Cooperman To Close Hedge Fund After Big Comeback

Billionaire hedge fund manager Leon Cooperman, one of this generation's most successful and highly watched investors, is closing his hedge fund Omega Advisors after 27-years and will convert it to a family office. Cooperman, 75, characterized the move as returning client money at a high after a run of strong performance, and citeda famous line in Kenny Rogers' classic ballad The Gambler, "You've got to know when to hold 'em, know when to fold 'em."