Free Site Registration

A Son Also Hedges

Traders Magazine, May 2001

Kathryn M. Welling

Wayne Cooperman runs a Manhattan-based hedge fund, which - as fate would have it - is also what his father does. That's right, Wayne's father is Lee Cooperman, the erstwhile czar of sellside research and proprietor of the mega hedge fund, Omega Advisors. But Wayne hasn't exactly followed slavishly in his paterfamilias's footsteps. Not only does Wayne profess absolutely no desire to rake in the largest pile of assets on the Street, it was Wayne who first went to work on the buyside.

His father still toiled at Goldman back in 1989, when Wayne joined Mark Asset Management as an MBA fresh out of the Wharton School via Stanford. Wayne struck out on his own in 1994, forming Fusion Partners (with Ricky Sandler, yes, Harvey's son). That pairing lasted only four years and Wayne has been the sole manager of the hedge fund (renamed Cobalt Capital Management) since January 1999.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?