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David Tepper's Huge Bet On Washington's Politics

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[David] Tepper, who runs Appaloosa Management, a $14 billion hedge fund in Short Hills, N.J., told CNBC in late September that the Federal Reserve's willingness to intervene in the market with quantitative easing meant that most investments -- except for Treasury bonds -- would do well.

At the time, Mr. Tepper told CNBC that his hedge fund had slightly increased its investments in stocks.

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