June 5- Two of Allergan Plc's shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker's board to split the role of chief executive officer and chairman as well as reconsider its acquisition strategy. Billionaire investor David Tepper's Appaloosa and Senator Investment, led by Douglas Silverman, together hold a...
In a letter to the drugmaker's board, the hedge fund manager says management's strategic plan was underwhelming.
June 5- Two of Allergan Plc's shareholders- hedge funds Appaloosa Management and Senator Investment Group- on Tuesday asked the drugmaker's board to split the role of chief executive officer and chairman, and end its acquisition strategy. Allergan, which has a market value of about $51 billion, is saddled with a long-term debt of $26.6 billion as of March end- an...
June 5- Billionaire investor David Tepper's hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc's board to split the office of the chief executive officer and chairman.
The annual "Rich List" of top hedge-fund earners from Institutional Investor is out and the numbers are so large that they're almost hard to conceive.
It took $225 million to crack into Institutional Investor's 2018 list of 25 highest paid hedge fund managers, and only four topped $1 billion.
CNBC's Scott Wapner reports that NFL owners have approved the purchase of the Carolina Panthers by Appaloosa Management's David Tepper.
David Tepper is widely considered one of the brightest minds on Wall Street, leaving many wondering how the hedge fund guru may be using the Panthers as a long-term investment play.
FTC approval gives Tepper's Appaloosa Management flexibility if it decides it wants to be more than a passive investor.
With the news that hedge fund titan David Tepper is buying the Carolina Panthers and getting out of his holdings in Apple, "Fast Money" traders Guy Adami and Tim Seymour debate which is the better investment decision.
David Tepper, the billionaire hedge fund manager who runs Appaloosa Management, reaches a deal to buy the National Football League's Carolina Panthers.
NEW YORK, May 15- Prominent hedge fund managers appear to have wagered on U.S. health insurers whose shares tumbled after Jeff Bezos, Warren Buffett and Jamie Dimon unveiled plans in January for a joint venture aimed at slashing healthcare costs. Jana Partners added a new position in Anthem Inc, while Omega Advisors and Tiger Management opened positions in...
Some academics who have studied taxes and migration call the forecast "pure nonsense."
Tepper is a minority owner of the Pittsburgh Steelers, as well as founder and president of Appaloosa Management.
Appaloosa also increased its stake in Apple, Bank of America and Micron Technology in the fourth quarter.
"I don't see overvaluation," hedge fund billionaire David Tepper tells CNBC's Scott Wapner.
Goldman Sachs estimates New York City could lose up to 4 percent of its "top earners" if state and local tax deductions are eliminated.
Big-name hedge funds are winning on their recent bets on Alibaba.
Invesco global strategist Kristina Hooper told CNBC investors need to stay protected.
David Tepper of Appaloosa Management increased his technology holdings to 24 percent of his portfolio during the June quarter.