20-Year-Old Appaloosa Up 17%

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note