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David Tepper Tells CNBC His Market Concern is Alleviated

June 5 (Bloomberg) -- Billionaire hedge-fund manager David Tepper, who said last month that he was nervous about financial markets because the economy wasn’t growing at a sufficient pace, said his concerns have been alleviated.

The founder of $20 billion hedge-fund firm Appaloosa Management LP made the comments today in an interview on CNBC, according to its website.

Tepper, 56, told an audience at a Las Vegas conference on May 14 that the market is “is kind of dangerous in a way” and that investors shouldn’t be too optimistic about rising markets and that they should hold cash.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Pierre Paulden, Josh Friedman

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