Saturday, 25 March 2017
Last updated 12 hours ago
Jan 2 2014 | 1:56pm ET
David Tepper was 2012's highest-paid hedge fund manager—and it looks like he might be 2013's, as well.
The Appaloosa Management founder may have earned in excess of $3 billion last year, according to the New York Post. That would easily top his $2.2 billion payday in 2012, which put him at the top of Institutional Investor Alpha magazine's ranking of the top 25 best-paid hedge fund managers.
Appaloosa was among the few hedge funds last year to top the Standard & Poor's 500 Index, with its Palomino Fund up 38% through November.