Tepper Pay Could Top $3 Billion

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of