NEW YORK Jan 5 Hedge fund investor Leon
Cooperman, the chief executive of Omega Advisors, told CNBC on
Thursday his firm's assets had shrunk to $3.4 billion after the
U.S. Securities and Exchange Commission's insider trading
Cooperman told the television network that he was surprised
at the SEC's destructive power.
Cooperman, whose firm invested roughly $10.7 billion about
two years ago, also said his firm owned shares of Amazon
<AMZN.O, Facebook and that Alphabet shares made
up about 4 percent of the fund's assets.
(Reporting by Sam Forgione; Editing by Bernadette Baum)