Investing- Top manager Tepper has moved to a big cash position

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Top manager Tepper has moved to a big cash position

Thursday, September 08, 2011
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From Distressed Volatility:

Yesterday, an article in Institutonal Investor mentioned that David Tepper, founder of $15 billion hedge fund Appaloosa Management, was 30%-40% in cash.

"Sources say he has gone 30 percent to 40 percent in cash, which is very high for him. Some of his cash is invested in U.S. Treasuries, which have in turn risen in value in recent weeks."

This doesn't surprise me. On 6/13/2011 he told CNBC...

Read full article...

More on the markets:

Three terrible lies you need to know about gold

Porter Stansberry: An update to my "End of America" warnings

Top manager Hussman: Stocks could fall to unbelievable new lows

Topics:		Investing \| Hedge_Funds \| Stocks

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