1984 joined the Keystone*** foundation and worked in Boston. 1985 joined Goldman Sachs, which was setting up a new investment department to pursue high returns. Tepper is a credit analyst at Goldman Sachs in new york. In just six months, he became the head of this new department and has worked at Goldman Sachs for eight years. His main duty is to pay attention to those companies with poor performance or on the verge of bankruptcy. 199265438+In February, Tepper resigned from Goldman Sachs and founded his own Appaloosa management company at 1993.
200 1, he got a return of 6 1% by investing in junk bonds. Later, he made huge profits by investing in companies with poor performance at that time.
In 2007, Tepper was named the ninth most profitable hedge fund manager by Alpha magazine, with income of $670 million that year. In 2003, Tepper was called the hottest star hedge fund manager on Wall Street. In recent years, Tepper has been a frequent visitor in the ranking of the top ten highest paid hedge fund managers selected by Alpha magazine.
In 2009, Tepper made huge profits again by buying bank shares.
20 10 was selected as the highest paid hedge fund manager in 2009 by Alpha magazine.