Appaloosa Management
Appaloosa Management is a prominent hedge fund manager best known for its expertise in distressed debt investing. Founded in 1993 by billionaire investor David Tepper, the firm has built a reputation for identifying high-value opportunities in distressed credit across both fixed-income and public equity markets. Appaloosa applies a concentrated, fundamentals-driven approach that often involves bold, opportunistic strategies designed to capture outsized returns. Under the leadership of David Tepper, who is widely regarded as one of the most successful hedge fund managers of his generation, the firm has consistently delivered strong performance and established itself as a leader in special situation and distressed investing.
ABOUT APPALOOSA MANAGEMENT
Founded in 1993, Appaloosa Management has earned global recognition as a leading hedge fund with deep expertise in distressed debt investing and opportunistic strategies across multiple asset classes.
The firm’s investment approach focuses on distressed debt, equities, and bonds, with a track record of capitalizing on special situations and market inefficiencies.
During the 2008 financial crisis, Appaloosa notably grew its assets under management from $5 billion to $14 billion, delivering substantial returns to investors.
In recent years, founder David Tepper has returned outside capital, and today the firm’s $17 billion in assets under management primarily reflects his own personal wealth.
INVESTMENT STRATEGIES
Distressed Debt
Appaloosa Management is renowned for its expertise in identifying and investing in distressed debt opportunities.
Equities and Bonds
The firm invests in both equities (stocks) and bonds, including investment-grade and high-yield securities.
Special Situations
Appaloosa capitalizes on unique corporate events such as mergers and acquisitions, spin-offs, reorganizations, and other strategic situations.
The firm emphasizes diversification across asset classes, rigorous research and analysis, and active monitoring of market conditions and portfolio performance.