Appaloosa Management

Appaloosa Management is an employee owned hedge fund that has averaged more than 30% returns since its founding in 1993.The firm primarily invests in the equity and fixed income markets around the world. Appaloosa invests in the equities and debt of distressed companies and seeks to invest in companies in bankruptcy. The firm's clients include high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, corporations or other businesses, foreign government entities, foundations, universities, and other organizations. The fund has over $4 billion in assets under management and is managed by former Goldman Sachs junk bond traders, David A. Tepper and Jack Walton.

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