Hedge Funds David Tepper

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  • Dannel P. Malloy said he wished Connecticut didn't have to compete with other states like Massachusetts, New York, New Jersey and Rhode Island by offering money to keep or attract companies, but that was today's reality. Under Connecticut's agreement with Bridgewater, which manages approximately $150 billion in investments for institutional clients, the...

  • NEW YORK, May 13- David Tepper's hedge-fund firm Appaloosa bought nearly 1 million shares in Valeant Pharmaceuticals International Inc in the first three months of 2016, according to regulatory filings, but sold them during the first quarter. Its 2.7 million SPY calls were valued at more than $555 million by the end of the quarter, and accounted for roughly 9.8...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • BOSTON, May 10- Hedge funds lost money for their investors last year but the industry's top-paid managers had a banner year, with five men earning more than $1 billion each in 2015, an industry survey released on Tuesday showed. Citadel's Kenneth Griffin, who started trading from his Harvard dormitory in the 1980 s, and Renaissance Technologies' James Simons, a...

  • The top-earning hedge fund managers revealed

    Michael Peltz from Institutional Investor reveals this year's top hedge fund earners, including Citadel's Ken Griffen, Bridgewater's Ray Dalio and Appaloosa's David Tepper.

  • April 25- At an early 2015 investor conference, SunEdison's then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer's relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a "yieldco," a complex financing vehicle to purchase energy projects from SunEdison and other...

  • April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.

  • A solar technician employed by SunEdison checks the rooftop array of solar panels

    SunEdison is one of the largest bankruptcies by asset value in a decade.

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Shares of SunEdison were halted, and last traded at about 34 cents on the New York Stock Exchange. The company's stock traded as high as $33.44 in July 2015.

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...

  • High Speed train in China

    Traders seem encouraged by the recent bout of Chinese economic data. They may be wrong.

  • David Tepper, at Carnegie Mellon University, October 30, 2015 in Pittsburgh.

    The departure of Tepper to Florida has gotten so much attention that lawmakers are calling for changing the state's tax structure.

  • Tepper's taxes sends him packing

    CNBC's Robert Frank explains why billionaire hedge fund manager David Tepper is fleeing the Garden State for greener pastures in tax-friendlier Florida.

  • Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...

  • April 1- Hedge fund Appaloosa LP revealed a higher stake in TerraForm Power Inc, one of the two publicly listed units of SunEdison Inc, as it pursues an overhaul of a committee that oversees TerraForm shareholder rights. Billionaire David Tepper- led hedge fund said on Friday it owned 10.88 percent in TerraForm as of March 29, higher than the 9.50 percent it held as...

  • April 1- Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.. Billionaire David Tepper- led hedge fund's new position in TerraForm Power as of March 29 is higher than the 9.50 percent it owned as of Jan. 1. Appaloosa is seeking an overhaul of...

  • NYSE trader on the floor

    Check out the companies making headlines after the bell Thursday: Starwood, Marriott, Tesla, SunEdison and more.

  • NEW YORK, March 30- Billionaire David Tepper's Appaloosa Management is seeking to overhaul TerraForm Power Inc's Conflicts Committee, claiming the company's controlling shareholder SunEdison Inc has breached its fiduciary duties. In an amended lawsuit filed on Tuesday in Delaware Chancery Court, Appaloosa said SunEdison and various TerraForm...

  • March 11- Troubled U.S. solar company SunEdison Inc named a successor to Chief Financial Officer Brian Wuebbels, who will take over as chief executive of its two units. Ilan Daskal, who will join by April 4, will become the company's CFO when Wuebbels moves to TerraForm Power Inc and TerraForm Global Inc- SunEdison's dividend-paying units, or "yieldcos".

  • A trader on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Thursday: Weight Watchers, Palo Alto Networks, Kraft Heinz, Gap and more.