From inception in 1993 through 2015, Tepper's main fund generated annual returns of 25 percent compared to the S&P 500 at 9.5 percent, according to market sources. Appaloosa Management had $18.5 billion of assets under management as of midyear.
He also discusses:
- His candid opinion on the candidates
- Government fiscal spending
- His current cash position
- The market's valuation
- Federal Reserve rate hike cycle
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