December 04, 2016 6:59 PM ET

Capital Markets

Company Overview of Appaloosa Management L.P.

Company Overview

Appaloosa Management L.P. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients. The firm manages separate client-focused fixed income and balanced portfolios. It invests in the equity, fixed income, and hedging markets. For the fixed income investments, the firm invests in high-yield bonds, bank loans to highly-leveraged companies, sovereign debt, debt of distressed companies, and other debt securities. It employs a fundamental analysis to make its investments. Appaloosa Management L.P. was founded on March 19, 1993 and is based in Short Hills, New Jersey.

51 John F. Kennedy Parkway

Short Hills, NJ 07078

United States

Founded in 1993

Phone:

973-701-7000

Fax:

973-701-7055

Key Executives for Appaloosa Management L.P.

Founder and Portfolio Manager
Chief Financial Officer
Chief Operating Officer
Vice President
Vice President
Age: 57
Compensation as of Fiscal Year 2016.

Appaloosa Management L.P. Key Developments

BlackRock Reportedly Eyes TerraForm

BlackRock, Inc. (NYSE:BLK) is evaluating the value of assets of TerraForm Power, Inc. (NasdaqGS:TERP) in order to prepare a bid, Bloomberg reported citing sources. Other potential buyers are Brookfield Asset Management Inc. (TSX:BAM.A) and Appaloosa Management L.P.; TerraForm Power, Inc. (NasdaqGS:TERP) and Golden Concord Holdings Limited.

D. E. Shaw Reportedly Eyes Stake In TerraForm

D. E. Shaw & Co., L.P. is considering bidding for SunEdison, Inc. (OTCPK:SUNE.Q) controlling stake in TerraForm Power, Inc. (NasdaqGS:TERP), people familiar with the matter said. Appaloosa Management L.P. and Brookfield Asset Management Inc. (TSX:BAM.A) have already announced plans to jointly bid for TerraForm Power’s Class B shares. D.E. Shaw's bid preparations have not been finalized and there is no certainty its bid will materialize, the people said. D.E. Shaw said in a filing last week that it owned 6.7% of TerraForm Power's common shares, and added that it could participate in transactions that could result in a change of control or take-private transaction involving TerraForm Power.

Appaloosa Management L.P. Presents at 20th Annual SOHN Investment Conference, May-04-2015

Appaloosa Management L.P. Presents at 20th Annual SOHN Investment Conference, May-04-2015 . Venue: Lincoln Center, Alice Tully Hall & Avery Fisher Hall, New York, NY10023, United States. Speakers: David Alan Tepper, Founder, President, and Portfolio Manager.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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