David Tepper

  • Hedge Funds

    David Tepper A Stock-Market Believer Again

    The brass balls have taken a bit of a beating this year, which means he’s going to have to make due with a bit less than $3.5 billion. It also means that he may have been a bit premature when he warned everyone not to “be too fricking long” back in May, and certainly when […]

    / Dec 30, 2014 at 12:57 PM
  • Hedge Funds

    David Tepper Calls It

    That bond-market rally that you’ve been enjoying alongside your stock-market rally? The ECB killed it yesterday, sayeth he with the brass balls.

    / Sep 5, 2014 at 3:40 PM
  • benbernanke

    News

    Ben Bernanke Doesn’t Get Out Of Bed For Fewer Than $200,000 A Day

    As previously mentioned, Ben Bernanke has been doing quite well for himself since leaving the Federal Reserve. Whereas his previous yearly take-home was in the low six figures, anyone hoping to take a brief meeting with him now had better be prepared to cut a check for at least that much and throw in a […]

    / May 21, 2014 at 8:45 AM
  • News

    Hedge Fund Managers Are Totally Over Chris Christie

    David Tepper’s the only Garden Stater they want to hear from.

    / May 15, 2014 at 4:20 PM
  • Hedge Funds

    David Tepper’s Not Bluffing

    He may be no David Einhorn or Dan Shak, but David Tepper does dabble in the card-playing arts. So he’s got a sense of when he’s getting screwed, and he’s pretty sure he’s getting screwed down the Shore.

    / May 9, 2014 at 9:15 AM
  • stevecohen (3)

    News

    Whatever Doesn’t Kill Steve Cohen Makes Him Stronger

    For the most part, 2013 was not kind to Steve Cohen. The Feds put his balls in a jar and put that jar on Preet Bharara’s desk. One of his ex-employees went to trial for (and was later found guilty of) masterminding the “most lucrative insider trading scheme ever.” Other former traders helped bring the […]

    / May 6, 2014 at 1:37 PM
  • david-tepper_281025s-260x177

    News

    David Tepper Did Well Enough This Year To Buy & Bulldoze A Whole Mess Of Jon Corzine’s Old Houses

    Billionare David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs trader. Tepper’s big Palomino hedge fund posted net returns of 37.86% through the end of November…The Standard & Poor’s 500 index returned 29.1% this year through November. [Forbes, […]

    / Dec 13, 2013 at 5:14 PM
  • davidtepperjoncorzinehouse

    News

    An Investor Who Put $1 Million Into Appalossa Managment In 1993 Would Have Enough Money To Buy And Bulldoze Several Of Jon Corzine’s Houses Today

    David Tepper’s Appaloosa Management LP returned 17 percent in the first half of the year, according to a letter sent to investors last week…His returns this year have beaten the Standard & Poor’s 500 Index, which was up 14 percent with dividends reinvested, and event-driven funds, which returned 5.3 percent, according to Hedge Fund Research […]

    / Aug 5, 2013 at 5:04 PM
  • davidtepper

    News

    David Tepper’s Lucky Brass Balls Worked Overtime In ’12

    Overtime that was not for naught! Thanks to labor laws protecting LBBs, Tepper took home $2.2 billion last year. Other people who made some money in 2012:

    / Apr 15, 2013 at 3:31 PM
  • stevecohen

    News

    Steve Cohen Did Pretty Well For Himself Last Year

    The end of 2012 might’ve been a tough one for the SAC Capital founder, what with the matter of a former employee being accused of orchestrating “the most lucrative insider trading scheme ever,” being referenced in the complaint as Portfolio Manager A, and ultimately being forced to show the softer side of Steve but the Big Guy still managed to take home $1.3 billion, so he’s got that going for him.

    / Feb 26, 2013 at 11:51 AM
  • News

    This Is David Tepper Singing A Few Bars From “Bye Bye Birdie”

    And anchor Stephanie Ruhle’s Joe Namath moment, which we’ll allow, because he really does have a beautiful singing voice.

    / Jan 22, 2013 at 5:59 PM
  • lloyd-blankfein-and-gary-cohn1-260x193

    News

    A Third Group Will Lay In Wait For Twenty Or So Years Before Bulldozing The House Of The Guy Who Did This To Them

    The phone call lasts just a few seconds. The words “congratulations, you’ve become a partner,” are just about all Lloyd Blankfein, the boss of Goldman Sachs, will have time to say to the 85 or so bank high-flyers he will ring next Wednesday to invite into one of the most prestigious and lucrative cliques on […]

    / Nov 9, 2012 at 4:46 PM
  • david-tepper_281025s-260x177

    News

    When Lucky Brass Balls Fail

    “Of the top 25 earners of 2010, 15 did not make this year’s list [of highest paid hedge fund managers]. Among them: Appaloosa’s David Tepper, whose Palomino fund fell 3.33 percent, and Edward Lampert of ESL Partners, which plunged 12 percent on big losses from Sears Holdings. Mr. Tepper did not respond to requests for […]

    / Mar 30, 2012 at 2:37 PM
  • News

    Corzine Kids Take Issue With Vanity Fair‘s Reporting On Mom, Dad, David Tepper

    Back in February, Vanity Fair ran a piece on Jon Corzine in the wake of the whole MF Global situation, attempting to determine “what set Corzine on the road to ruin.” Figuring his personal life would be a good place to start, some story lines that were explored included JSC’s relationship with his children and his  divorce from Joanne, who he met in kindergarten and was married to for 33 years. The former was described as having become “increasingly distant” as Corzine made his way up the ranks at Goldman Sachs.  The latter “bitter,” which was not helped by the fact that, according to VF, Joanne had gotten “too close” to a onetime GS employee with whom Corzine had “bad blood,” name David Tepper. Jon’s children happened to catch the article and responded to it today in a letter to the editor, the short version of which is “you know nothing.” From the longer version:

    Though we disagree with your analysis of [our father] and find your sources, often referred to as close friends, dubious at best, not to mention nameless, we understand judgments about public figures come with the territory.

    What does not come with the territory in our minds are reckless allegations and assertions involving private personalities such as the ones you chose to propagate toward our mother, Joanne. Your portrayal of her is the opposite of who we know her to be. The subjective descriptions of her character based on quotes from anonymous “friends” is the elevation of gossip to legitimate reporting. The assertion regarding her becoming “close” to David Tepper is a blatant falsehood. She has never met or spoken to David Tepper.

    JOSH CORZINE
    JEFFREY CORZINE
    JENNIFER CORZINE

    From the Magazine: Jon Corzine’s Family Responds [Vanity Fair]

    / Mar 6, 2012 at 1:43 PM
  • News

    Carl Icahn Is Angling For A Piece Of Phil Falcone’s Walkie Talkie Passion Project

    Investor Carl Icahn has been buying up debt of LightSquared Inc., the wireless network backed by billionaire fund manager Philip Falcone, according to people familiar with the matter. The stake could enable him to take control of the company should it restructure or file for bankruptcy, one of the people said. Mr. Icahn snapped up […]

    / Jan 19, 2012 at 7:28 PM
  • News

    David Tepper’s Lucky Brass Balls Not Feeling Bank Of America Anymore

    Apparently the Appalossa chief has “completely eliminated his 17 million shares position” in BAC, as well as his entire Wells Fargo stake. He does still own Citi but Count Vikula appears to be on this ice (the position has been “sharply reduced”). [CNBC, earlier]

    / Aug 8, 2011 at 12:31 PM
  • News

    Day Trading Hipster Takes On David Tepper

    Nate Thoma is 33 year-old with “scruffy beard” who lives in Queens and sometimes wears plaid shirts. He’s also a sometime day trader who has “about $500,000 in investments” and in fall 2008, saw his investment in Washington Mutual wiped out after regulators seized the bank. Thoma spent “weeks in front of his Scottrade account, […]

    / Jun 13, 2011 at 2:10 PM
  • News

    David Tepper Has A Message For Jon Corzine

    As the Appaloosa manager may have his hands tied at the moment, we’re happy to pass it on. Subject: HOW DO YOU LIKE ME NOW?

    / Jun 2, 2011 at 12:49 PM
  • News

    Not Everyone On Wall Street Has Spurned Obama

    He’s kissed the warm embrace of Dan Loeb, Steve Cohen, Ken Griffin et al good-bye but some financiers are still showing Mr. President the love. According the Journal, former Goldman CEO (and New Jersey governor) Jon Corzine will be hosting a dinner for 60 tonight at his home tonight where Obama will speak, before heading […]

    / Apr 27, 2011 at 9:47 AM
  • News

    David Tepper Gets The Go-Ahead To Stick It To Jon Corzine

    As you may recall, last fall, Appaloosa founder David Tepper told New York that it would be fair to interpret the fact that he bought the $50 million beach house belonging to the ex-wife of Jon Corzine, the man who passed him over for a Goldman partnership, with the intent of demolishing it and building […]

    / Apr 26, 2011 at 5:21 PM
  • News

    Highest Paid Hedge Fund Managers Slipped In 2010

    10. Paul Tudor Jones (Tudor Investment Corp): 440 million 9. George Soros (Soros Fund Management): 450 million 8. Bruce Kovner (Caxton Associates): 640 million 7. Carl Icahn (Icahn Management): 900 million 6. Eddie Lampert (ESL Investments): 1.1 billion 5. Steve Cohen (SAC Capital): 1.3 billion 4. David Tepper: 2.2 billion 3. Jim Simons (Renaissance Technologies): […]

    / Apr 1, 2011 at 10:22 AM
  • News

    Former NFL Player Lawrence Taylor Invokes Words Of David Tepper, Other Greats To Explain Patronizing Underage Prostitute

    If you’ve been keeping up with your ex-Hall of Famer and/or hooker news, you know that former linebacker Lawrence Taylor was recently sentenced to six years of probation for having sex with an underage prostitute. Interviewed on the verdict this afternoon, Taylor was probed on the question of whether or not he knew the girl […]

    / Mar 22, 2011 at 4:46 PM
  • News

    Rajaratnam Jury Selection Says Friends Of David Tepper: Good, Friends Of Al Sharpton: Not So Good

    By the lunch break, 13 potential jurors had been dismissed from the jury pool. At least one potential juror was dismissed after the judge raised questions about ownership of one of the companies at issue in the trial. It wasn’t clear what company the potential juror owned. Another potential juror was dismissed shortly after mentioning […]

    / Mar 8, 2011 at 4:54 PM
  • News

    Starting A Hedge Fund? Need Cash? David Tepper’s Here To Help

    As we’ve previously discussed, one of the tricky things about being David Tepper is figuring out what to do with your stack and stacks of money. Making it rain every single year is great but there is the downside of finding the space for all that cheddar. At this point in Tepper and Appaloosa’s history, […]

    / Mar 7, 2011 at 3:10 PM
  • News

    David Tepper: Wanna Know What Will Happen If The Middle East Blows Up?

    Take your money and light half of it on fire and you’ll get a pretty good idea.

    / Mar 7, 2011 at 11:57 AM
  • News

    Bank Of America’s Global Head Of M&A Gets A Career Upgrade

    Jeffrey Kaplan will now be working for David Tepper at Appaloosa, overseeing “the fund’s relations with investors and Wall Street.” Kaplan presumably got to know Tepper while advising on “a host of corporate, private-equity and hedge-fund clients on leveraged buyouts and other deals.” [WSJ]

    / Feb 28, 2011 at 1:31 PM
  • News

    David Tepper, Louis Bacon Break Themselves Off A Piece Of Citi

    Give it up for Vikram!

    / Feb 15, 2011 at 1:43 PM
  • News

    David Tepper Is Cautiously Optimistic About The Situation In Egypt, Sunday’s Game

    “I’m surprised how fast the market bounced [Monday],” Tepper told Absolute Return today. “Shows you there’s a lot of money looking for any dip on the sidelines. Which is good, but I have to be a little more cautious than last week because I didn’t know how much this stuff could flair up. I’m still […]

    / Feb 1, 2011 at 10:35 AM

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