Hedge fund guru to pocket $3bn for his efforts in 2013

Champagne Jean Scheijen

Nice.

It could be one heckuva New Year’s Eve party for hedge fund titan David Tepper - again.

The New York Post reports that the founder of Appaloosa Management, with more than $20 billion under management, is looking at a possible $3 billion-plus payday in 2013, which could make him the highest paid hedgie.

That’s quite a feat, especially after Tepper’s 30 percent gain last year earned him $2.2 billion and the top spot on Institutional Investor Alpha’s annual 'Rich List' of the top 25 hedge fund managers.

Tepper’s Palomino fund was up 38%, after fees, as of November 30, according to an investor, making the 56-year-old one of the few in his business to post a return higher than the 29.1% gain of the S&P 500.

Hit the link below to access the complete New York Post article:

Hedge fund titan to pocket $3bn for 2013

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