David Tepper: King of Vulture Fund
Youtube link is
https://www.youtube.com/watch?v=NfQTKbTnVs4
Age 59 Net Worth $11.0 Billioniare
Citizen United States Born Pittsburgh, Pennsylvania
Self-made in Hedge Fund
Education: BA University of Pittsburgh, MBA Carnegie Mellon University
He specializes in Distressed Debt, more commonly known as Vulture Funds
Since 1993, he averages about 40% annual return for himself,
and 30% return for his client
He founded Appaloosa Fund in 1993
In 2009, he made $4 Billion profit by investing in the Financials after the subprime mortgage meltdown
His best year was 2003, when he returned 148% by purchasing debts Enron, Worldcom and Conseco Marconi Corp., and Williams Co
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