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(Bloomberg) — 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.
Executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside. Mr. Tepper’s money makes up more than 70% of the firm’s assets under management.
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Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money Appaloosa LP will turn into a family office managing his personal wealth
Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money . Posted By: TheInvestor.. 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.
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.
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 the.
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David Tepper. David Tepper Is Planning to Return Investors’ Money. The Wall Street Journal. – Juliet Chung. 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 football team, said people familiar with the matter.