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Tepper’s Short Hills hedge fund turns 20, but the real party is the returns: report

If you invested $1 million in David Tepper’s hedge fund 20 years ago, how much would you be worth today? How about $149 million?

That’s what Appaloosa Management, the hedge fund that Tepper founded in 1993, has told its investors, according to a report by Bloomberg News. The Short Hills-based firm celebrated its 20th anniversary last month.

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