Appaloosa Management

Appaloosa Management manages approximately $15 billion in assets under David Tepper, who founded the firm in 1993 after being passed over for partner at Goldman Sachs. Tepper is famous for his prescient 2010 CNBC appearance predicting a market rally, a call so accurate it moved markets and earned him the nickname "the market mover." His distressed debt bet on Bank of America and Citigroup in 2009 earned Appaloosa $7 billion in a single year.