Forbes – Billionaire David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs trader.
Tepper’s big Palomino hedge fund posted net returns of 37.86% this year through the end of November. The Palomino fund had a strong month in November, when it returned 4.86%. With $20 billion under management, Tepper has been a loud and consistent stock market bull, saying equities were the place for investors to be. The Standard & Poor’s 500 index returned 29.1% this year through November.
