Appaloosa Management

Read About Hedge Funds

Key Facts

Founded1993
HeadquartersChatham, NJ
Employees35
AUM$17.2 billion
AUM as ofMarch 31, 2017
StrategiesDistressed
Clients2

Overview

Appaloosa Management is a hedge fund based in Chatham, NJ. It was founded in 1993 by David Tepper and Jack Walton (formerly of Goldman Sachs). They hold $17.2 billion in assets under management as of March 31, 2017. Read their Plain English Brochure. Profile at stockpickrhttp://www.stockpickr.com/port/Appaloosa-Management/
notes that they had a large position in Delphi so were involved in the bankruptcy.

Tepper is #283 on Forbes list of richest Americans with $1.2 billion net worthhttp://www.forbes.com/lists/2005/54/MM4Q.html

Sub Funds and Performance

NameAUM (bn) Type Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Appaloosa Investment LP I 9.290 hedge fund 5,000,000 193 80.0 9.0 Goldman, JP Morgan, Merrill Lynch, Pierce, Fenner & Smith Incorporated
Palomino Master Ltd. 7.949 hedge fund 5,000,000 125 59.0 13.0 Goldman, JP Morgan, Merrill Lynch, Pierce, Fenner & Smith Incorporated

Historical Performance

2009 Returns
Thoroughbred Fund up .61% in November (YTD 119.7%)
Thoroughbred Fund up .8% in October (YTD 118.37%)http://dealbreaker.com/2009/12/dear-team-tepper.php

30% average annual returns from 1993 - 2005, including 150% in 2003http://www.forbes.com/lists/2005/54/MM4Q.html

Key People

NameTitlePositionOwnership
Kathryn BattistellaChief Compliance Officer Owner or OfficerNone
James BolinVice President Of The General Partner Owner or OfficerNone
James BolinNone Indirect Owner25 to 50%
Jeffrey KaplanSecretary Of The General Partner; Chief Operating Officer Owner or OfficerNone
Kenneth MaimanGeneral Counsel Owner or OfficerNone
Michael PalmerTreasurer Of The General Partner; Chief Financial Officer Owner or OfficerNone
David TepperPresident Of The General Partner Owner or OfficerNone
David TepperNone Indirect Owner> 75%

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