This is the best environment ever for a hedge fund manager. Either the economy is going to get better, which is good for stocks, or it's going to get worse, and the Fed is going to have to print more money, which is good for stocks.
Investors
David Tepper
Born in 1957 in Pittsburgh, David Tepper honed his skills on Goldman Sachs's junk-bond desk before founding Appaloosa Management in 1993. He deploys capital aggressively into distressed debt and beaten-down equities at moments when others flee, recording roughly $7 billion in personal earnings in 2009 alone. He is a leading figure in distressed investing, combining the nerve to act coolly amid panic with the insight to read macroeconomic currents.
View this figure's profile
Unverified