Hedge fund manager David Tepper is looking at a potential multi-billion payday.
The New York Post
reported that Tepper, the founder of New Jersey-based Appaloosa Management, could possibly receive a $3 billion paycheck for 2013--making him the highest-paid hedge fund manager. Tepper's fund was up 38% after fees as of November 30.
Tepper earned $2.2 billion last year after his fund gained 30%.
Attributing his success to good strategy and good karma,Tepper transitioned from being a distressed debt investor prior to the 2008 financial crisis into a top macro investor today.
Founded in 1993, Appaloosa has more than $20 billion in assets under management.