David Tepper

by on David Tepper is the founder of Appaloosa Management LP, a hedge fund that has returned 30% since inception. He recently made headlines for jumping into home builders, stocks that most investors have panned since the 2008 housing crisis. By Bob Holt | Email the author | 10:38am Patch file photo: David Tepper, the president of Appaloosa Management, a $15 billion hedge fund based in Chatham, helps launch a FoodBank of New Jersey fund-raising drive. Alan Neuheuser Governor Christie has...Read Full Story

David Tepper’s Appaloosa fund is scheduled to be deposed on Tuesday. This will be the first time the fund (any SN, for that matter) will answer questions — under oath — about its trading activities in connection with WMI securities. The stakes for David Tepper and his investors are high indeed. If his representative makes Continue reading →More Pages:Finance: Is A Hedge Fund Accountant A Good Job For An MBA? (3/3/2011) Travel: David Tennant The Best Doctor Who Of All Time? (12/7/2011) Travel...Read Full Story

David Tepper: "There Is No QE3 Coming Down The Pike" – Courtney Comstock – Clusterstock at Business Insider LARRY FINK: Screw QE3 — We Don’t Need It — And Stocks Are About To Soar – Courtney Comstock – Clusterstock at Business Insider ———– David Tepper Tells CNBC QE3 Will Come Only if Stock Market Falls Substantially – by TraderMark – It is quite pathetic that along with their supposed dual mandates of price stability and employment, the new era Federal Reserve believes manipulating the...Read Full Story

What's in David Tepper's Wallet? $99 Million ATM Receipt (Hedge Fund Manager) This could be the closest many of us get to seeing $100 million. The Wall Street tabloid site DealBreaker.com on Wednesday posted a June 18 ATM receipt from a Capitol One Bank in East Hampton showing an account with an available balance of a whopping $99864731.94. The receipt is reported to have been left in the ATM after the account holder withdrew the cash. DealBreaker later identified the account holder as David...Read Full Story

David Tepper Banks David Tepper's Hedge Fund Increases Bets on Big Banks David Tepper, the manager of Appaloosa Management LP, has increased his holdings of the four largest U.S. banks. Appaloosa Management doubled its stake in Citigroup to a holding of an estimated $576.9 million, according to quarterly filings with the Securities and Exchange Commission. Appaloosa Management LP, the New Jersey hedge fund run by investor David Tepper, increased its bets on the four biggest U.S. banks during...Read Full Story

David Tepper Charity David Tepper Seeks to Raise $15 Million to Feed HomelessDavid Tepper, the hedge fund manager that became a star with his stellar performance in the last couple of years, has applied his talents to helping those less fortunate. Mr. Tepper is launching a campaign to raise $15 million to feed the homeless and needy in his home state of New Jersey. It is expected that Mr. Tepper will draw from his hedge fund friends as well as his own personal wealth to contribute to the...Read Full Story

Yesterday Dealbreaker published a photo of an ATM receipt tossed away in East Hampton, which showed a $ 99,864,731 balance, after a $ 400 cash withdrawal. The receipt, which according to one website belongs to billionaire hedge fund manager and Hamptons resident David Tepper, shows an enviable bank balance of $ 99,864,731.94. The owner of the $ 99,864, 731.94 account balance found on an ATM receipt has yet to come forward. The receipt was discovered at an East Hampton Capitol One bank. Rumors...Read Full Story