davidtepper
David Tepper is among the greatest hedge fund managers ever. He left Goldman Sachs (head of the junk bond desk) and founded Appaloosa Management in 1993. Tepper’s company now manages around $13 billion, down from a peak of $20 billion. He acquired Carolina Panthers professional football team for $2.3 billion in 2018. Tepper’s hedge fund has given an average annual return of about 25% since its inception through 2018. Tepper is known for his investment in depressed bank securities at the time of the financial crisis. This investment helped Appaloosa earn a return of 132% in 2009. Let’s take a l...
ValueWalk
Hedge funds are known to create wealth for investors. For their services, they usually charge a 2% management fee and a certain percentage of the annual profit they earn for their clients. This has allowed hedge fund managers to make a ton of money not just for their firm, but for themselves as well. Even in 2020, a year slammed by the coronavirus pandemic, several hedge fund managers managed to earn a good return for their clients, and in turn, made money for themselves as well. If you would like to know how much these hedge fund managers make, discussed below are the ten richest hedge fund m...
ValueWalk
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