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Playing Defense Pays Off for David Tepper’s Appaloosa

The famed New Jersey-based manager did fine in August, managing to mostly preserve his strong gains for the year.

       David Tepper, Appaloosa Management (Bloomberg) Appaloosa Management’s David Tepper apparently knows how to play defense. The Short Hills, New Jersey-based manager wound up avoiding the sharp losses suffered by many other managers during the August market volatility and posted only small losses in his two main funds. Appaloosa Investment I, Tepper’s domestic

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