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Goldman Sachs is reportedly pulling money from Leon Cooperman's hedge fund

Rachael LevyOct 6, 2016, 03:51 IST

Reuters/ Rick Wilking

The Goldman Sachs retirement plan is pulling $300 million from Leon Cooperman's Omega Advisors in the wake of insider trading charges, Bloomberg News is reporting.

Omega and Cooperman were charged with insider trading last month.

Cooperman confirmed the information with Bloomberg, and said: "Bottom line is that we have done nothing wrong and this will be proven in a court of law. We are disappointed that they couldn't make an independent decision. They are rewarding the government for bad behavior."

Cooperman has vowed to fight the charges, and last month said that the charges were baseless.

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