Judge Says SEC Advanced Plausible Claim in Cooperman Suit

The video discusses the SEC's case against Cooperman, who is determined to fight the claims. Despite setbacks, Cooperman remains committed to proving his innocence. The trial has significantly impacted his firm, Omega, leading to asset losses. Investors, including pension funds, have withdrawn funds due to fiduciary concerns. The case highlights the challenges faced by traditional stock pickers as hedge funds increasingly adopt computer-driven trading strategies.

What trend among hedge fund managers is mentioned in relation to asset management?

What challenges do pension funds and retirement plans face regarding their investments in light of the case?