Most hedge fund managers know which other managers they trust with their millions or billions, but it’s a real challenge determining which managers each one trusts. However, a great way to figure this out is to look at the manager’s charitable foundation to see where they invest to grow the pot of money they have available to donate.
David Tepper of Appaloosa Management is one of the many hedge fund managers who has his own foundation, which he uses to dole out some of the fruits of his labors. In fact, he’s involved with two foundations: The Tepper Foundation and Appaloosa Management Charitable Foundation.
The Tepper Foundation “support[s] organizations working on the frontlines to expand...
