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Tepper to Hand Back Some Capital at Year-End

The Appaloosa founder is reducing assets in his funds in the hope of achieving optimal returns, as he has done for the past few years.

       David Tepper, Appaloosa Management (Bloomberg) David Tepper is once again planning to return some capital to his investors. The founder of Short Hills, New Jersey-based Appaloosa Management is telling clients he plans to return between 5 percent and 15 percent of their money at year-end. Appaloosa began the year with $18 billion

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