Appaloosa Management L.P.

Overview

Appaloosa Management L.P. is a prominent American hedge fund founded in 1993 by David Tepper and Jack Walton, specializing in distressed debt and global public equity investments. The firm manages assets across various strategies, focusing on distressed and special situations, fixed income, hedge funds, and private equity. Appaloosa's investment approach emphasizes concentrated positions in undervalued securities, aiming to achieve long-term, risk-adjusted returns for its investors. The firm's investment strategy involves allocating capital across diverse asset classes, including equities and debt of distressed companies, bonds, exchange warrants, options, futures, notes, and junk bonds. Appaloosa's client base consists of high-net-worth individuals, pension and profit-sharing plans, corporations, foreign governments, foundations, universities, and other organizations. Investors commit to a locked period of three years during which their withdrawals are limited to 25 percent of their total investment. Appaloosa Management has a history of notable performance, including significant returns during market downturns. The firm has been recognized for its expertise in distressed debt investing and has received industry accolades for its performance and risk management practices. Appaloosa's disciplined approach to portfolio construction and risk management has contributed to its reputation as a leading hedge fund in the industry.

Investment Focus

• High-net-worth individuals
• Pension and profit-sharing plans
• Corporations
• Foreign governments
• Foundations
• Universities
• Other organizations

Portfolio Companies