Saturday, 27 December 2014
Last updated 2 days ago
Jun 30 2011 | 12:11pm ET
David Tepper alerted his Hamptons neighbors that money is no object for him when he demolished the $43.5 million mansion he bought last year. But has the Appaloosa Management founder found a more surreptitious way to parade his wealth?
A customer at East Hampton Village's Capital One Bank branch found an ATM receipt sticking out of the machine showing a whopping $99,864,731.94 balance. And the customer on the evening of June 18 was none other than Tepper, Dealbreaker.com reports.
Tepper, or some other well-heeled Hamptonite, withdrew $400 from the machine, paying a $2.75 fee.
Tepper denied that he is the man with the $100 million savings account balance, telling the New York Post that he "hadn't used an ATM since Lehman" Brothers collapsed, and that he "wasn't in the Hampton in June at all." Plus, "I would never do something as irresponsible as leaving $100 million in a savings account."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.