According to a WSJ report David Tepper's firm was up about
25% through Friday, partly from a bet Europe will avoid a meltdown.
Mr. Tepper's nearly $15 billion Appaloosa Management LP,
based in Short Hills, N.J., is known for an expertise in distressed debt, and
racked up over $7 billion in 2009 with bullish picks. This year, Mr. Tepper has
scored approximately $3 billion of gains trading in and out of various stock,
bond and stock-futures positions, according to an investor.
The firm began the year with a bullish stance, but sold
positions when Greek elections raised questions about the future of the euro.
Appaloosa bought again in late July after European Union President Mario Draghi
promised to "preserve the euro."
Wait…wait..there’s more at http://online.wsj.com/article/SB10001424052970203400604578074694114051604.html
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