26 Comments
 

Appaloosa pony. Weitman is Tepper's nephew or something like that (read somewhere they're quite close) and Tepper seeded the fund. Did well in 2020 afaik. Looks like they essentially mimic Appaloosa without the macro element, but not sure. Looks like a pretty cool opportunity to get in on the ground floor of something with amazing backing. Did they approach you via an HH?

 

didn't Tepper give a $55m gift to CMU and the name of their b-school changed.  May be one of the big reasons why his nephew (Weitman) got into Carnegie Mellon.  

 
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Weitman graduated in '04 when Tepper made the gift. Also he made partner really quickly at Appaloosa - I guess part of that you can ascribe to nepotism, although with what performance the fund had during those years and the calibre of the people in the team, I find it hard to believe Tepper would've kept someone on the roster (let alone promote them) if they didn't do very well. Then again, I'm writing this from a keyboard in an office instead of working, not from my phone while having drinks with the man himself so what do I know lol

 

Any chance you could ping me and let me know of your experience! Would be much appreciated.

 

Do you mind sharing your experience/ what youve heard about the firm/team. Thanks!

 

Anyone know anything about the #2 there, Dustin? Have heard a lot of folks I know who took convos with them were turned off by that guy. How is their performance this year? Know they were leaking 20-21 returns for media coverage (which were good fwiw) but all the sudden you stop hearing about it. Usually not a good sign

 

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