Wednesday, 26 November 2014
Last updated 9 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...