Tepper Backs Tech. Analyst's New Hedge Fund

May 6 2011 | 1:40pm ET

An Appaloosa Management analyst is launching a hedge fund of his own, with an assist from his boss, David Tepper.

Tepper has pledged a portion of his billions to Nokota Management, the firm founded last month in New York by Matthew Knauer, a senior analyst at Appaloosa, and Mina Faltas, a former analyst at Viking Global Investors, Reuters reports. Nokota—like Appaloosa named for a breed of horse, though in its case a feral one—will likely be a technology, media and telecommunications shop, as those are the sectors covered both by Knauer and Faltas at their previous jobs.

In March, Tepper indicated that Appaloosa may be getting too big, and said the $16 billion firm plans to begin returning some money to investors, including its own partners. He added that those partners were considering investing some of that returned capital in other hedge funds.

It is unclear how much Tepper will invest in Nokota.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.