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Billionaire hedge fund manager David Tepper to return up to $4bn to investors

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Dragged by poor performance, billionaire hedge fund manager David Tepper announced a plan to return up to $4bn to his clients by January 1, 2015, various media reported.  The amount represents between 10 and 20% of his $20bn hedge fund Appaloosa Management. A report by CNBC quoted an insider from…

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