Hedge fund titan David Tepper is one of the few who is absolutely killing it this year.
The Wall Street Journal’s Gregory Zuckerman and Juliet Chung report that Teppers $15 billion Appaloosa Management was up 25% through Friday, according to an unnamed investor.
According to the report, Appaloosa has brought in ~$3 billion in gains so far this year, the investor told the Journal.
The Journal points out that the average hedge fund was up 4.7% through September, according to HFR. Meanwhile, the S&P 500 was up 14% through Friday.