David Tepper Said to Back His Protege’s New Credit Fund
This article is for subscribers only.
Appaloosa Management’s Eric Cole is planning to start a hedge fund with the backing of his billionaire boss David Tepper.
Cole, 43, will open Warlander Asset Management next year to invest in global credit, according to a person with knowledge of the matter who asked not to be identified because the information is private. Alex Ginzburg, who has been working as a partner at MatlinPatterson Global Advisers, will also help to start the New York-based firm as head of research.