David Tepper Is Planning to Return Outside Money to Investors

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BOSTON (Reuters) – Billionaire David Tepper plans to turn his hedge fund appaloosa management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said on Thursday.

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Executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside. Mr. Tepper’s money makes up more than 70% of the firm’s assets under management..

 · David Tepper, considered arguably the greatest investor of his generation, is preparing to return clients’ money and convert his hedge-fund firm to a family office, according to reports. That would make him the latest in a string of high-profile, hedge-fund managers to go that route.

David Tepper Is Planning to Return Investors’ Money.. Executives at the $13 billion hedge fund have discussed several scenarios for when they could return outside clients’ money, some of the people said, including over several years or around the end of this year. One of these people said.

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David Tepper, considered arguably the greatest investor of his generation, is preparing to return clients’ money and convert his hedge-fund firm to a family office, according to reports.

Billionaire David Tepper Is Planning to Return Outside Money. May 27, 2019: Permanent Link (Bloomberg) Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage their own capital. Tepper, 61, who founded.

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