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And the latest is none other than one of the best performing hedge funders of the 21st century, David Tepper. According to the WSJ, the Appaloosa billionaire is planning to return money to investors after more than two decades of running his hedge fund, although he hasn’t yet made a final decision on the timing. According to the WSJ, 70% of.
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BOSTON (Reuters) – Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said on Thursday.
A spokesman for Appaloosa said the firm hasn’t set an exact time table for the return of all outside money. Appaloosa is among a small number of hedge funds that has regularly returned some investor money over the last decade in an effort to manage their size and returns.
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David Tepper Is Planning to return investors’ money.. executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside clients’ money, some of the people said, including over several years or around the end of this year. One of these people said.
David Tepper. Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money. The Wall Street Journal. – Juliet Chung. Appaloosa LP will turn into a family office managing his personal wealth famed hedge-fund manager David Tepper plans to turn Appaloosa LP into a family office managing his personal wealth as he spends more time focused on running the Carolina Panthers, his professional.
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Panthers owner David Tepper. Franck of CNBC.com, Tepper is returning the capital to outside investors in his Appaloosa Management hedge fund. In layman’s terms, he’s getting out of the.
Scott Cunningham/Getty Images For years, David Tepper, one of the greatest hedge fund managers ever, has been steadily returning the outside capital he manages at his Appaloosa LP to his investors.
Billionaire David Tepper is planning to return money to investors after more than two decades of running his hedge fund, according to a person familiar with the matter. Tepper, the founder of Appaloosa Management, hasn’t made a final decision on the timing, the person said.