Mergers Boost David Tepper’s Appaloosa

Tepper’s fund and other hedge funds are benefiting from this week’s deals to acquire Caesars and Allergan.

(Daniel Acker/Bloomberg)

(Daniel Acker/Bloomberg)

Merger mania has already boosted a number of hedge funds this week thanks to two high-profile deals alone.

But no firm has seemingly benefitted more this week from the acquisitions than David Tepper’s Appaloosa Management.

On Tuesday, Abbvie agreed to acquire drug giant Allergan for about $63 billion.

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