David Tepper

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. Read more »

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 meal. Speaking of which, hedge fund manager David Tepper will probably pay more attention the next time he drops a quarter million on dinner with the former Chief. Read more »

  • 15 May 2014 at 4:20 PM

Hedge Fund Managers Are Totally Over Chris Christie

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

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. Read more »

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 number of SAC alums indicted on securities fraud charges to nine. His genius idea to give out free hot dogs on the front lawn of SAC HQ failed to prevent a number of departures. He lost his biggest fan. For a lot of hedge fund managers, all of this would add up to moping around the office and turning in less than stellar work. For Steve Cohen, it meant turning up the Styx and getting down to business. Read more »

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, Related: David Tepper Has A Message For Jon Corzine]

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 Inc. Appaloosa, based in Short Hills, New Jersey, has returned 28 percent a year, on average, since it started, said the letter, signed by Tepper. The firm celebrated its 20th anniversary last month. An investor who put $1 million into the fund in 1993, would have $149 million today, it said. [Bloomberg, related]

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: Read more »