Appaloosa Management Buys Airlines

Market Folly submits:

(This post is part of our series on tracking hedge fund portfolios. If you’re unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)

This is the first time we’ve looked at David Tepper’s hedge fund Appaloosa Management in-depth as they’re now in our tracking mix. Before founding his fund, Tepper was a high yield bond trader for Goldman Sachs (GS). He likes to dig up companies that everyone else has called quits on and Appaloosa focuses on concentrated positions in both equities and distressed debt.


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