Broker Blog: Tepper and Steve Cohen

broker blog: Tepper's Appaloosa Management L.P. has earned an average annual return of 25% since its inception in 1993, according to CNBC. The fund regularly features among the ranks of all-time top performers, making the 61-year-old Tepper, a former Goldman Sachs banker, one of the world's most influential market-moving investors, according to Market Watch. In 2014, Josh Brown, in his Reformed Broker blog, declared the apotheosis of David Tepper complete, noting he was younger than industry stalwarts George Soros and Leon Cooperman, less cantankerous than Dan Loeb and Carl Icahn, able to claim higher returns than David Einhorn and Bill Ackman, and carried none of the regulatory taint of Steve Cohen. That would make him the latest in a string of high-profile, hedge-fund managers to go that route. Archive The rise of David Tepper The Wall Street Journal, citing people familiar with the matter, reported that Tepper plans to turn the firm into a family office managing his personal wealth as he spends more time focused on running the Carolina Panthers football team, which he purchased last year. News reports said Tepper's money already makes up around 70% of the firm's roughly 13 billion in assets under management. An Appaloosa spokesman told the newspaper that the firm hasn't set a timetable for the return of all outside money. (news.financializer.com). As reported in the news.