From The Pragmatic Capitalist:
David Tepper isn’t exactly a household name, but he will be when 2009 is said and done. Tepper, who runs hedge fund Appaloosa Management, is estimated to return over 120% after fees in 2009 and Tepper will personally make over $2B.
The manager of the $12B fund made a series of very bold bets that the U.S. economy would thwart depression and rebound sharply in 2009. He was right.
The fund specializes in distressed debt and as we mentioned earlier this year 2009 was...
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