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Credit Crunch Hurts Hedge-Fund Stars
Posted by Stock Online Trader on April 13, 2008 in Finance Sector
WSJ: Credit Crunch Hurts Hedge-Fund Stars David Tepper, founder of hedge-fund firm Appaloosa Management LP, saw a negative 17% return last quarter in two funds with more than $6 billion in assets combined as bets on distressed debt went awry, according to fund documents. His Appaloosa Investment and Palomino funds gave up most of that [...]