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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.

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