Appaloosa Management LP

Founded in 1993 by David Tepper and Jack Walton, Appaloosa Management L.P. is a prominent hedge fund manager headquartered in Miami Beach, Florida. The firm is renowned for its event-driven investment strategy, with a strong focus on distressed companies, bonds, and special situations. Appaloosa gained significant fame for its successful investments during financial crises, particularly its bets on distressed financial stocks in 2009 which generated billions in profit. The firm manages several investment funds for a client base composed primarily of high-net-worth individuals and institutional investors.