Appaloosa Management's David Tepper knows how to skillfully navigate crises, reason enough why he remains one of the most successful and richest hedge fund managers in the world.
Eight years later in the aftermath of the dot-com crash, he went all in, betting on distressed credit that later rebounded dramatically.
The billionaire investor closed his fund to new investors soon after it scored hefty returns and he rose to fame.
Tepper said in 2019 that he planned to convert Appaloosa into a family office.
As of the end of the first quarter, Appaloosa's top equity holdings included Alphabet , Amazon and Uber.
Persons:
David Tepper, Tepper
Organizations:
Carnegie Mellon, Global, National Football League's Carolina Panthers