Billionaire David Tepper is planning to return money to investors after more than two decades of running his hedge fund, according to a person familiar with the matter. Tepper, the founder of Appaloosa Management, hasn’t made a final decision on the timing, the person said.
Rumors of the death of hedge funds may have been exaggerated, but with every passing day at least one investing icon calls it quits. And the latest is none other than one of the best performing hedge funders of the 21st century, David Tepper. Accordin.
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Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage their own capital. Tepper, 61, who founded Appaloosa Management in 1993 and is one of the most revered hedge fund [.]
CNBC’s Leslie Picker follows the money and reports on Appaloosa’s David Tepper as he submits his letter to shareholders upping the pressure on Allergan. Su.
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Hedge fund titan David Tepper considering returning investors’ money cnbc television.. How Much Money Does a Hedge Fund Startup Need?. David Tepper Is Planning to Return Outside Money to.
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David Tepper’s appaloosa management plans to return all outside capital to investors and turn his hedge fund firm into a family office, a decision industry observers had been predicting for some.
Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money. Executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside clients.
(Bloomberg) — Billionaire David Tepper is planning to return money to investors after more than two decades of running his hedge fund, according to a person familiar with the matter. Tepper, the founder of Appaloosa Management, hasn’t made a final decision on the timing, the person said.
May.23 — Billionaire David Tepper is planning to return money to investors and convert Appaloosa Management into a family office. Bloomberg’s Sridhar Natarajan reports on "Bloomberg Markets."
According to the WSJ, 70% of the firm’s $13 billion in capital belongs to Tepper himself, who is planning on converting Appaloosa into a family office. A spokesman for Appaloosa told the WSJ that the firm hasn’t set an exact time table for the return of all outside money.