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.
_0">"That's a five bagger," Cooperman, who runs Omega Advisors, said about Monitise ( id="symbol_MONI.L_0">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 ( id="symbol_ESRX.O_1">ESRX.O) Qualcomm Inc ( id="symbol_QCOM.OQCOM.O) Citigroup Inc ( id="symbol_C.NC.N), Metlife Inc ( id="symbol_MET.NMET.N) and American International Group Inc ( id="symbol_AIG.NAIG.N). AIG recently replaced Apple as the hedge fund industry's favorite stock, according to a report from Goldman Sachs.
_2">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.
_3">John Burbank, who runs $3.7 billion Passport Capital, said he likes technology companies including Yelp Inc ( id="symbol_YELP.NYELP.N) and Yahoo Inc ( id="symbol_YHOO.OYHOO.O)
_4">And Oscar Schafer, chairman of hedge fund Rivulet Capital and a long-time participant in the Barron's Roundtable of top money managers, put his money on rental car company Hertz Global Holdings Inc ( id="symbol_HTZ.NHTZ.N), which he said has room to trade up to $45 a share from its current $24.56 price.
_5">(Reporting By Svea Herbst-Bayliss. Editing by Andre Grenon)
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