Appaloosa Management

  • Goldman Sachs, Loan Defaults

    Hedge Funder May Block Rescue at Sea

    David Tepper, who runs the Appaloosa Management hedge fund, may seek to block a debt-for-equity swap aimed at rescuing passenger and freight transporter Sea Containers from defaulting on its bonds. Tepper is worried about the dilutive effects of the exchange, according to the Telegraph. Details of the proposed swap have not yet been made public. […]

    / Jun 19, 2006 at 12:45 PM

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