Friday, 26 December 2014
Last updated 2 days ago
Aug 6 2013 | 1:06pm ET
Appaloosa Management is celebrating its 20th anniversary in much the same way it's spent the last two decades: with a triumphal investor letter.
The Short Hills, N.J.-based hedge told clients that it returned 17% in the first half, Bloomberg News reports. Appaloosa has posted annualized returns of 28% since inception.
In the letter, firm founder David Tepper said that $1 million invested with Appaloosa at the beginning, in 1993, would be $149 million today. Appaloosa celebrated the milestone last month.
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.