Money managers under the microscope
News and views on the hedge fund sector from Reuters and elsewhere:
David Tepper is the happiest man in hedge funds- Absolute Return-Alpha
Brevan Howard leads the listed hedge market to the cusp of change - Investment Week
Investors said to bet on Citadel once more - New York Times dealbook
Everyone is interested in reading about someone making billions of dollars in profit, and the Wall Street Journal’s story about the Appaloosa fund making $7 bln of profit so far this year is certainly eye-catching.
Rather like London’s Crispin Odey, who earned a handy 30 mln stg this year, the fund, run by David Tepper, made its money buying bargain basement bank shares.