Saturday, December 08, 2012 9:38:26 PM
David Tepper founded Appaloosa Management in 1993 and now oversees nearly $16 billion in assets under management. Prior to Appaloosa, Tepper was a trader at Goldman Sachs. The fund manager continues to crush his competition in 2012, as his Palomino fund was up 13% net of fees for the first half of 2012. Appaloosa utilizes a strategy that focuses on undiversified concentrated investments (check out Tepper’s newest stock picks)
Does anyone think this may be part of the sealed info being that Appolossa is one of the hedgefunds that was trying to destroy the shareholders? And David Tepper does have a previous relationship with Goldman sachs. Seems there is some kind of connection there. He's heavily invested in JP Morgan as well.
Here is the link: http://beta.fool.com/insidermonkey/2012/12/08/5-dividend-stocks-loved-billionaire-david-tepper/18360/?ticker=JPM&source=eogyholnk0000001
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