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David Tepper Personally Earns $4 Billion for 2009 Performance
We thank Dan for his contribution to Leverage Academy, LLC and for writing this biography on David Tepper, of Appaloosa, who made $4 billion for himself last year. David Tepper grew up in a middle...
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Paulson Proves He is Not “One Hit Wonder,” Pulls in $1.25 billion for 2010
After being bashed by many hedge fund managers as a “one hit wonder,” Paulson closed well in 2010, putting another strong year under his belt. The Paulson Advantage Fund was up 14% at the end of...
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Shumway Closes its Doors…from $70mm to $8bn in 8 Years…and Now it’s No More…
Chris Shumway announced that in November that he would be stepping down as the chief investment officer of his eponymous fund, Shumway Capital Partners LLC. Shumway’s started his $8 billion hedge fund...
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Viking Hedge Fund Loses Dris Upitis
Viking Global Investors LP, the Greenwich, Connecticut based hedge fund faces another high level departure only 10 months after Chief Investment Officer David Ott resigned in April 2010. Dris Upitis,...
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Greenstone Value Opportunity Fund, LP 2010 Annual Letter (Distressed, Deep...
After closing three strong years of performance (2008 – 2.5%, 2009 – 36.5%, 2010 – 15.6%), Greenstone shares its outlook for 2011, as the year of “dividend chasing.” 2010 was certainly a year of...
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Wing Chau Sues Author of the Big Short!
People have no SHAME. Wing Chau, president of Harding Advisory is suing Michael Lewis, the author of The Big Short for “unfairly casting him as a villain.” Listen Wing, you cheated investors and...
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Tepper Nabs BofA’s Star Banker, Kaplan!
March 2, 2011: Tepper, the legendary founder of Appaloosa, the man who bought BAC at $3.00 and made $4 billion last year just outdid himself. One of Tepper’s biggest positions is Bank of America, and...
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Top Hedge Fund Managers of 2009
Hedge fund pay has always been astounding, but few realize that it is only a handful that make over $1 billion per year. BBC recently released a report highlighting some of the most successful...
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Icahn Capital Returning All Investor Funds
Weeks after Shumway and Level Global returned capital to shareholders, Carl Icahn has decided to liquidate the outside investor interests in the hedge fund he started in 2004. Icahn currently runs...
View ArticleFantastic Michael Burry UCLA Commencement Speech on U.S. & European Financial...
Below you can view an excellent speech by Dr. Michael Burry, who at one point shorted over $8 billion of subprime mortgage backed securities before the U.S. credit crisis. Dr. Burry openly shares his...
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