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Whirlpool Corp. (WHR), Huntsman Corporation (HUN) Among Billionaire...

2015-05-27 18:03:43| Furniture - Topix.net

Appaloosa Management LP is a New Jersey-based employee-owned hedge fund co-founded by billionaire David Tepper in 1993. The hedge fund's main operation is to manage separate client-focused fixed income and balanced portfolios, which together were worth $5.70 billion as of March 31. Tepper's fund has generated annual compounded returns of 30% since its inception and Tepper himself attracted a lot of attention in 2009 when he became the highest-paid hedge fund manager of that year after providing his investors a 120% return after fees.

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