Falcone Harbinger Deal Below Market Price

Chidem Kurdas

Funds controlled by Philip Falcone

Listed Private Equity as Asset Class

Chidem Kurdas

At a time when stocks look expensive, it is intriguing that there may be a cheap

Falcone Sells Harbinger

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In the past week Philip Falcone sold one million shares

Cooperman Contrarian Gas Strategy

Natural gas prices are fluctuating around 10-year lows. America has such a big surplus in natural gas that some producers, notably Chesapeake Energy, have reduced production.  So Omega Advisors’

Funds Like KKR

The public shares of Kohlberg Kravis Roberts & Co. have attracted major hedge funds. And there is an interesting tale about why the stock is widely seen as a good bet.

Cooperman: KKR, Sallie Mae, Gold

Omega Advisors chief Leon Cooperman must be very confident about the private equity firm Kohlberg Kravis Roberts & Co. He’s bought it in two different ways.

Cooperman Boosts KKR Position

Chidem Kurdas

Amid the excitement about the coming initial public offering of private equity giant Kohlberg Kravis Roberts & Co., the already publicly-traded credit fund managed by the firm, KKR Financial Holdings, appears to have slipped some pundits’ minds.

But Leon Cooperman of Omega Advisors has KKR Financial very much on the mind, judging from his recent buying.

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Cramer, KKR, Cooperman and Converts

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Last Friday Jim Cramer recommended KKR Financial Holdings, the publicly-traded credit vehicle from private equity giant Kohlberg Kravis Roberts. The investment idea came with a couple of warnings.

One, it is speculative. They borrow money to buy debt, Mr. Cramer said. They buy primarily below-investment-grade debt as well as distressed or stressed paper.

Two, the main reason Mr. Cramer says he went for KKR Financial is insider buying—-by KKR chief executive William Sonneborn and notably by Leon Cooperman, long-time equity investor and head of Omega Advisors. Surely a good sign.

Mr. Cooperman is a substantial shareholder. The striking thing, though, is something Cramer did not mention.