Appaloosa Management
Appaloosa Management LP, founded in 1993 by billionaire investor David Tepper, is a premier hedge fund in Miami Beach, Florida, specializing in opportunistic investments across distressed debt, equities, and fixed income with a portfolio exceeding $5 billion in value. The firm, now a key player in South Florida's booming financial scene, manages concentrated positions in top holdings like SPDR S&P 500 ETF, General Motors, and Alphabet, delivering exceptional returns for elite investors. Appaloosa Management bolsters Miami's status as a hedge fund capital, attracting top talent and capital to the region.
Miami Connection
Appaloosa Management LP maintains its primary operations from Miami Beach, Florida, at 404 Washington Ave, solidifying its role in South Florida's financial ecosystem. The firm's relocation underscores Miami's rise as a global hedge fund hub, drawing legendary managers like David Tepper and fostering economic growth through high finance jobs and investments. This presence enhances South Florida's appeal for elite investment firms seeking a vibrant, tax-friendly environment.
Key People
Quick Facts
- Industry
- Hedge Fund Management
- Headquarters
- Miami Beach, Florida
- Founded
- 1993