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David Tepper Is Planning to Return Outside Money to Investors

2019-05-23  · David Tepper’s Appaloosa Management plans to return all outside capital to investors and turn. The only year in that span it did not return money was.

(Bloomberg) Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage.

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."

David Tepper To Return Outside Capital, Convert To Family.

Hedge Fund Titan David Tepper Is Planning to Return Investors’ Money. Executives at the billion hedge fund have discussed several scenarios for when they could return outside clients.

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(Bloomberg) — Billionaire David Tepper is planning to return money to investors after more than two decades of running his hedge fund, according to a person familiar with the matter. Tepper, the founder of Appaloosa Management, hasn’t made a final decision on the timing, the person said.

A spokesman for Appaloosa said the firm hasn’t set an exact time table for the return of all outside money. Appaloosa is among a small number of hedge funds that has regularly returned some investor money over the last decade in an effort to manage their size and returns.

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David Tepper’s Appaloosa Management plans to return all outside capital to investors and turn his hedge fund firm into a family office, a decision industry observers had been predicting for some.

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CNBC’s Leslie Picker follows the money and reports on Appaloosa’s David Tepper as he submits his letter to shareholders upping the pressure on Allergan. Su.