Thursday, June 30, 2011

Meet the Hedge Fund Manager Keeping $100 Million In His Savings Account (Purportedly...)

Yesterday Dealbreaker published a photo of an ATM receipt tossed away in East Hampton, which showed a $99,864,731 balance, after a $400 cash withdrawal, reports BusinessInsider.

Later in the day, the mystery owner of the errant receipt was revealed to be none other than hedge fund king, David Tepper.

While Tepper does own an amazing piece of land in the Hamptons, we were a little bit skeptical. Turns out our skepticism was justified: the New York Post contacted Tepper, who laughed and said he's too sophisticated a money man to leave so much cash in a low-yielding account...

Read more at http://www.businessinsider.com/david-tepper-100-million-capital-one-atm-receipt-east-hampton-2011-6

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