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David Tepper Is Planning to Return Outside Money to Investors

May.23 — Billionaire David Tepper is planning to return money to investors and convert Appaloosa Management into a family office. Bloomberg’s Sridhar Natarajan reports on "Bloomberg Markets."

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According to the WSJ, 70% of the firm’s $13 billion in capital belongs to Tepper himself, who is planning on converting Appaloosa into a family office. A spokesman for Appaloosa told the WSJ that the firm hasn’t set an exact time table for the return of all outside money.

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Rumors of the death of hedge funds may have been exaggerated, but with every passing day at least one investing icon calls it quits. And the latest is none other than one of the best performing hedge funders of the 21st century, David Tepper. Accordin.

Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money . Posted By: TheInvestor.. Executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside clients’ money, some of the people said, including over several years or around the.

Photo: Bloomberg Photo By Andrew Harrer.David Tepper, president of Appaloosa Management, in New York on May 4, 2015. Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage their own capital. Tepper, 61, who founded Appaloosa Management in 1993 and is one.

Billionaire David Tepper is planning to return outside money More funds testing water on crypto-related assets Money managers eager to make leap to opportunity zone investing

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and pressure from investors for big businesses to return any windfalls from a U.S. tax code rewrite directly to shareholders, pose a challenge to President Donald Trump and Republican congressional.

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