Billionaire hedge fund pioneer Leon Cooperman told CNBC on Tuesday the insider charges against him are "totally unjustified," and the amount of money the government is wasting prosecuting his firm is "shocking."
"Information is not a crime. We deal in information. We call on companies," he said. "What I look for is insight, not insider information."
in a "Squawk Box" interview, the Omega Advisors chairman and CEO said he has two jobs now: make money for his investors and convince a jury he's not guilty of the charges being brought by the Securities and Exchange Commission.
"Thankfully, despite this mild distraction, we're doing well. Our Omega credit fund is up 13 [or] 14 percent this year. Our equity-only fund is up about 7 percent this year, which is in line with S&P. And our all-weather, do everything fund is up about 5 percent," Cooperman said.