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About Appaloosa Management L.P.

Tepper's baby

Appaloosa Management is a prestigious hedge fund firm founded in 1993 by David Tepper and Jack Walton. The firm has more than $4 billion in assets under management as of 2011. Appaloosa focuses on investing in distressed securities, and some of its recent or current holdings include Citigroup, Goodyear, Pfizer, Valero, Macy's, CVR Energy, and International Paper. David Tepper, Appaloosa's president, is well known in the investing industry, and, in addition to his stock-picking prowess, he's also become known as a philanthropist. In 2003, he famously donated $55 million to his alma mater, Carnegie Mellon, whose business school now bears Tepper's name. Tepper, originally from Pittsburgh, has also donated funds to the University of Pittsburgh, and he owns part of the NFL team the Pittsburgh Steelers. Tepper currently lives in Livingston, New Jersey, and Appaloosa is based in nearby Chatham, New Jersey. In 2011, Appaloosa was named the Institutional Hedge Fund Firm of the Year by Institutional Investor.

Appaloosa Management L.P.

26 Main St., Suite 200
Chatham, NJ 07928
Phone: (973) 701-7000

Firm Stats

Employer Type: Private
Founder and President: David A. Tepper

Major Office Locations

Chatham, NJ