The lock-up period’s not over yet but that’s just the kind of guy he is. There’ll be a small fee associated with the exit, of course, and the knowledge that you’ll never find a manager with a pair like Big Tepp.
“We were being nice,” Mr. Tepper, the founder of the hedge fund Appaloosa Management, said in a telephone interview. “We let some people out of the lockup, and we replaced it with new money.” Mr. Tepper’s move stands in stark contrast to some funds that still aren’t giving investors their money back despite improving returns. Mr. Tepper called a lot of the funds’ actions “questionable.”
“The stuff that went on with gating with liquid stocks is a chill to me,” Mr. Tepper said. “If you own liquid stocks, you should let people have their money.”
Investors In Thoroughbred Fund Granted Early Exit [Dealbook]
He’s giving our industry a black eye.
~ Phil, Wilber and his Pig Lisa
um, and what’s so wrong about not letting your investors have their money back? this fucking guy.
- Phil the Falcon(e)
co-signed.
-ken griffin
That’s a horse of a different color. Tepper is a breed apart.
That’s a horse of a different color. Tepper is a breed apart.
Always the go-getter, muti-billion dollar fund manager David Tepper somehow finds time to moonlight as the assistant athletic director at a small non-denominational college in Pennsylvania.
I need more of you in my life.
Me: hey wats up ur an appaloosa
You: wtf mate im not an appaloosa
You are a flaming appaloosa.
CMU sucks
Thank you Andrew Bernard