David Tepper Professional Experience / Academic History
Professional Experience
Academic History
Tepper is the Founder and President of Appaloosa Management, a top-performing hedge fund renowned for its expertise in distressed debt investing and opportunistic market strategies.
Since its inception in 1993, Appaloosa has consistently outperformed industry peers and global markets.
Under his leadership, the fund takes concentrated positions in equities and debt of distressed companies, fixed-income instruments, and derivatives.
Tepper has also recently expanded Appaloosa’s holdings in the technology and semiconductor sectors, including major companies like Alibaba, Amazon, Intel, Meta Platforms, and Microsoft.
Tepper began his career at Goldman Sachs as a Credit Analyst in New York, helping to build the firm’s high-yield debt team.
Within six months, he became Head Trader and specialized in distressed debt, including bankruptcies and special debt situations, staying with the firm for seven years before launching his own hedge fund.
SPORTS VENTURES
An avid sports enthusiast, Tepper purchased a minority 5% stake in the NFL’s Pittsburgh Steelers in 2009.
In 2018, he made headlines by acquiring the Carolina Panthers for $2.2 billion, the highest NFL franchise purchase at the time.
He has also played a key role in soccer, helping Charlotte, North Carolina secure an MLS expansion team, Charlotte FC, in 2019.
PHILANTHROPY
A major philanthropist, Tepper focuses on education and basic needs initiatives across the U.S., particularly in New Jersey, the Carolinas, Florida, and Pittsburgh.
He supports leading charities, including Feeding America and UNICEF, and has been actively involved in natural disaster relief efforts nationwide.
MEDIA PRESENCE
Tepper is frequently featured in top financial and sports media outlets such as Forbes, Bloomberg, CNBC, Yahoo! Finance, Business Insider, and the Financial Times.
His insights on hedge funds, distressed debt investing, and market strategies are widely followed by investors worldwide.