(Last Updated On: May 15, 2014)
How does #1 hedge fund manager David Tepper of Appaloosa Management personally make $3.4 billion and with ROI up 40% return with only 14 staff members? Automated trading? HFT? hmm…..
David Alan Tepper is an American hedge fund manager and the founder of Appaloosa Management. His investment specialty is distressed companies. Wikipedia
Born: September 11, 1957 (age 56), Pittsburgh, Pennsylvania, United States
He says now: ‘I am nervous. I think it is nervous time’
OK. His firm Appaloosa Managemen (hedge fund) was up 40% last year with only 14 staff members
Now remember, he was the the #1 top income earner on the planet for 2013.. He only reported a paltry $3.5 billion.
So the question, is it auatomated trading decision? How about even going HFT? There is very little info here but considering the returns and portfolio size,
Considering minimum staff, how does one get these kind of returns? Any suggestions?
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