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David Tepper

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  • Six months after Alibaba's IPO, the shares are down more than 29 percent from their November high. Alibaba opened on Sept. 19 at $92.70, ended its first day at $93.89 and reached its peak on November 13, when it hit $120. Alibaba, which already commands 80 percent of the Chinese market and handles more ecommerce than Amazon and eBay combined, trades at a...

  • Six months after Alibaba's IPO, the shares are down more than 29 percent from their November high. Alibaba opened on Sept. 19 at $92.70, ended its first day at $93.89 and reached its peak on November 13, when it hit $120. Alibaba, which already commands 80 percent of the Chinese market and handles more ecommerce than Amazon and eBay combined, trades at a...

  • BOSTON, March 7- The largest new field of activist investors in years is shaking up corporate America, seeking to tap into billions of dollars in available capital and inspired by the outsized returns of brand-name agitators like William Ackman and Carl Icahn. Among the newcomers are firms like H Partners, Chieftain Capital, Isaac Capital, Vertex Capital, Jet...

  • NEW YORK, Feb 13- Third Point, one of the hedge fund industry's most closely watched funds, increased its stake in Chinese e-commerce site Alibaba during the fourth quarter, according to a regulatory filing late on Friday. Third Point, run by Daniel Loeb, increased its stake in Alibaba by 38.9 percent to 10 million shares. Alibaba's record $25 billion initial public...

  • DETROIT, Feb 12- An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders. "Having a very, very strong balance sheet is wise, but we're beyond wisdom and into excess capital," said Grant Taber, portfolio manager at...

  • The automaker is working with Morgan Stanley and Goldman Sachs Group Inc for advice on how it should deal with former U.S. auto task force member Harry Wilson and four hedge funds that are pushing for the company to dip into its $25 billion in cash, GM said on Thursday. "We are working with a set of advisors including Goldman Sachs and Morgan Stanley," GM said in a...

  • The automaker is working with Morgan Stanley and Goldman Sachs Group Inc for advice on how it should deal with former U.S. auto task force member Harry Wilson and four hedge funds that are pushing for the company to dip into its $25 billion in cash, GM said on Thursday. "We are working with a set of advisors including Goldman Sachs and Morgan Stanley," GM said in a...

  • Tepper: Market will survive in spite of Greece Wednesday, 11 Feb 2015 | 6:25 AM ET
    David Tepper, founder of Appaloosa Management

    Hedge fund manager David Tepper said a Greek deal would be "be good for the markets," but said stocks "could survive even if it goes the other way."

  • DETROIT, Feb 10- General Motors Co's management has been too slow to make changes that would improve profitability and too vague in setting near-term milestones for performance, the leader of an investor group seeking a seat on the board said on Tuesday. "There is absolutely a lack of confidence amongst investors of the company achieving its targets," Harry...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • Appaloosa's Tepper sees 8-10% upside in 2015 Monday, 29 Dec 2014 | 2:23 PM ET
    David Tepper, founder of Appaloosa Management

    Billionaire hedge fund manager David Tepper said the S&P 500 could rise 8 to 10 percent from current levels.

  • Appaloosa's David Tepper: 2015 might be like 1999 Tuesday, 23 Dec 2014 | 11:43 AM ET
    David Tepper, founder of Appaloosa Management

    Appaloosa's David Tepper warned in an email to CNBC that 2015 is setting up to be like 1999.

  • Tepper to return billions   Monday, 24 Nov 2014 | 3:41 PM ET
    Tepper to return billions

    CNBC's Kate Kelly reports David Tepper will return 10 to 20 percent of assets under management between November and January 1st.

  • Look who's investing in Alibaba now Friday, 14 Nov 2014 | 6:32 PM ET
    A trader at the NYSE during the Alibaba Group IPO opening.

    Some of America's biggest and most influential hedge funds are investing heavily in Chinese tech giant Alibaba.

  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • Larry Fink: Wall Street needs to help society Wednesday, 22 Oct 2014 | 11:03 AM ET
    Larry Fink, CEO of BlackRock Investments.

    Big name investors like Dan Loeb and David Einhorn helped raise $6 million to fight poverty at a charity event in New York City.

  • Tepper: Short the euro   Tuesday, 21 Oct 2014 | 3:56 PM ET
    Tepper: Short the euro

    David Tepper is recommending investors short the euro, reports CNBC's Kate Kelly.

  • Dan Loeb talks up Amgen stake; shares rise Tuesday, 21 Oct 2014 | 3:02 PM ET
    Daniel Loeb

    Hedge fund manager Dan Loeb recommended Amgen's stock Tuesday, causing shares to rise on the news.

  • Larry Robbins has four big stock ideas Tuesday, 21 Oct 2014 | 1:56 PM ET
    Larry Robbins

    Larry Robbins of Glenview Capital unveiled four new stock picks at the Robin Hood Investors conference Tuesday.