Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

David Tepper's Giant Payday

Jan 06, 2014
Jing Chen

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.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More