Tuesday, 21 April 2015
Last updated 11 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…