David Tepper’s Top 10 Positions Returned 22% This Year

APPALOOSA MANAGEMENT LPSuperstar fund manager David Tepper worked as the head trader on the high-yield desk at Goldman Sachs until he left to launch Appaloosa Management in 1993. Under Tepper’s management, Appaloosa was up 132% in 2009 and returned 30% net of fees in 2010. In 2011, a year when many hedge funds reported sub-par performance, Tepper’s fund was down about 5%.

So far, Tepper is on track to reverse last year’s loss in 2012, at least based on the largest 10 positions in his 13F portfolio that is. Those 10 positions, assuming he has not changed anything since the end of 2011, have returned a weighted average of 22% so far this year, versus 10.4% for the S&P 500 index during the same period.

Read the rest of the article here.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!