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David Tepper made a big bet on Bank of America (BAC)
David Tepper's hedge fund Appaloosa made a big bet on Bank of America. The firm invested $207.2 million in the bank in the first quarter of this year. It was the biggest new bet the fund made in the...
View ArticleThe looming war between Alibaba and Amazon
Alibaba has been one of the best-performing mega-cap stocks of the year, surging 100%. Most recently, they had a blockbuster quarterly earnings report, and hedge fund manager David Tepper took a large...
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The Carolina Panthers expected to sell for less than hoped due to the NFL's...
The NFL requires that its owners own at least 30% of the team and has a debt limit of $350 million, and there are few billionaires with the liquid cash to meet those requirements. As a result of this,...
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Hedge fund manager David Tepper to buy Carolina Panthers for record $2.2 billion
Hedge fund manager David Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion.Richardson announced in December he was selling the team amid an NFL...
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New Carolina Panthers owner David Tepper once displayed a statue of giant...
The Carolina Panthers have announced that billionaire hedge fund manager David Tepper has agreed to buy the team, a move some will view as a disappointing turn of events for the Panthers and the...
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The NFL reportedly keeps a list of billionaires called 'Tiger cubs' who could...
The NFL reportedly maintains close ties with billionaires who it believes would be good team owners, for whenever a team becomes available. When the Carolina Panthers were sold this year, the eventual...
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'It's a late-innings game:' Hedge fund billionaire David Tepper says he's...
David Tepper, the co-founder of Appaloosa Management, said Thursday he had reduced his holdings of US stocks. "I think it's a late-innings game," he told CNBC of the bull market. Tepper said that...
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Billionaire David Tepper plans to turn his hedge fund into a family office so...
Billionaire David Tepper will reportedly return investor money and turn his hedge fund Appaloosa Management into a family office. The fund manages roughly $13 billion, a good portion of which is...
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Hedge funds are failing left and right and billionaire investors say the...
Hedge funds got out to a roaring start in 2019, but have slipped since, with the average fund underperforming the overall market.Investors, many of whom put up with net losses in their hedge fund...
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Bridgewater's Ray Dalio struggled with finding his successor. For billionaire...
Big names like David Tepper and Leon Cooperman have opted to close their hedge funds instead of transitioning their business to new management, but investors see more and more founders planning for...
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The 20 richest billionaires who own sports teams
Billionaires often make extravagant purchases — like buying their own sports team.CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams in the US. They have a...
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Hedge funds had a tough go of it in 2019 — here are 7 biggest names that...
The $3.3 trillion hedge fund industry saw several big names call it quits in 2019, as Appaloosa founder David Tepper and Moore Capital chief Louis Bacon both decided to turn their funds into family...
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The hedge fund landscape shrinks for a 5th straight year as investors rebel...
The hedge fund industry saw more closures than openings for the fifth year in a row in 2019, Bloomberg reported Monday, citing data from Hedge Fund Research Inc.Investors are quickly fleeing the...
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Coronavirus fallout 'certainly ruined the environment' for market bulls,...
The threat coronavirus poses to global markets "certainly ruined the environment" for long-term investors, Appaloosa Management founder David Tepper told TheStreet on Saturday.The billionaire told CNBC...
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David Tepper bought the beaten-down stock of a satellite company amid its FCC...
Star hedge fund manager David Tepper penned a letter to satellite provider Intelsat's board Tuesday, pressuring leadership to negotiate better terms in a deal it's facing with the FCC.In the deal,...
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Billionaire Carolina Panthers owner David Tepper is backing a new hedge fund...
Aaron Weitman, a long-time partner at Appaloosa Management and founder David Tepper's nephew, is launching his own hedge fund, CastleKnight Management, on July 1.The new fund, which Tepper is expected...
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Billionaire investor David Tepper says the stock market is the most...
The billionaire investor David Tepper said on Wednesday that the stock market was "maybe the second-most overvalued" he'd ever seen, behind only the market in 1999.In an interview on CNBC's "Halftime...
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Why individual investors shouldn't take their cues from billionaire...
As billionaire investors make the rounds on CNBC and other outlets, sharing their views on the stock market, one top financial adviser says everyday investors shouldn't act on what they say.Josh Brown,...
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Warren Buffett, George Soros, and other billionaire investors made big moves...
Billionaire investors including Warren Buffett and George Soros made striking changes to their portfolios last quarter.David Einhorn's Greenlight Capital took a stake in Disney, Dan Loeb's Third Point...
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Hedge funds are in uncharted waters right now. Here's how 12 billionaires...
No crisis is the same, and there are significant differences between the recession in 2008 and the coronavirus pandemic of 2020 — but for many hedge funds, this is the first sustained economic...
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