High Quality Content by WIKIPEDIA articles! David Alan Tepper (born on September 11, 1957) is an American hedge fund manager and the founder of Appaloosa Management. His investment specialty is distressed companies. In recent years he`s become known as a philanthropist, his largest gift going to Carnegie Mellon University, whose Tepper School of Business is named after him. He earned his MBA (then known as an MSIA) from Carnegie Mellon in 1982.