Billionaire Tepper Gives $67 Million to Carnegie Mellon for Hub

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By Oliver Staley

November 15, 2013 at 1:37 PM UTC

David Tepper, the billionaire co-founder of the Appaloosa Management LP hedge fund, donated $67 million to Carnegie Mellon University to expand its campus.

The gift, the largest in school history from an alumnus, will be used to create the David A. Tepper Quadrangle, the Pittsburgh-based university said today on its website.