Friday, 31 October 2014
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.