David Tepper Is Planning to Return Outside Money to Investors

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.

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David Tepper, considered arguably the greatest investor of his generation, is preparing to return clients’ money and convert his hedge-fund firm to a family office, according to reports.

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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.

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Famed hedge-fund manager David Tepper plans to turn Appaloosa LP into a family. hedge fund have discussed several scenarios for when they could return outside clients’ money, some of the people.

David Tepper Is Planning to Return Investors’ Money.. 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 end of this year. One of these people said.

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.

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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.

David Tepper Is Planning to Return Investors’ Money.. 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 end of this year. One of these people 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.