After a period of optimism in which he almost burnt his finger, $20 billion hedge-fund company Appaloosa Management manager, David Tepper has once again returned to his cautious self. At an investor’s conference sponsored by Robin Hood Charitable Organization on Tuesday morning Tepper gave a bearish outlook for the market. Most money managers like BlackRock’s […]
Amgen CEO Denies splitting up
Investor and activist Dan Loeb turned all attention on Amgen when his firm, Third Point invested in the biotechnology company and suggested that the drug maker split. That was a week ago and Third Point said in its Oct. 21 investor letter- “It is well‐established that disparate business units generally benefit from operating separately due […]
