David Tepper

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How a Billionaire's Move to Florida Could Screw NJ

The loss of David Tepper's taxes is horrible news for the Garden State

(Newser) - New Jersey, already struggling with its budget, could face a massive shortfall next year—all because one guy chose to move to Florida, Bloomberg reports. In fairness, that guy was the wealthiest man in the state. Hedge-fund manager David Tepper has an estimated worth of $10.6 billion, and after... More »

Hedge Fund Managers Rake In Record $25B

Top 25 managers cleaned up by betting on bank bailout

(Newser) - Betting correctly that the federal government would not let more banks fail after the cruel denouement of 2008, hedge fund managers engineered a record payday for themselves in 2009. The top 25 brought in $25.3 billion, topping 2007’s record by a healthy margin, and the $4 billion taken... More »

2 Stories