Appaloosa LP (Short Hills)


Appaloosa LP is a large advisory firm based in Short Hills. It manages $15.58 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

Appaloo provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Appaloo: assets under management

The assets under management (AUM) of Appaloosa LP is $15.58 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -27% since the beginning of its operation, and $9.18 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $15.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.79 billion each.
Appaloo has custody of $6.4 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Appaloosa LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Appaloo serves?

The only and largest group of clients of Appaloo is pooled investment vehicles with 2 clients and $15.58 billion of assets under management. Among the 11 most similar advisory firms, Appaloo has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $15.58 billion for 2 clients. 50% of the firm’s clients are foreign persons or businesses.

Appaloo also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Appaloosa LP

The company employs 33 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Alan Tepper President of the general partner 1 Sep 2015 Other 1430145
Appaloosa Capital Inc. General partner 1 Sep 2015 75% - 100% 47-5002251
James Edward Bolin Vice president of the general partner 1 Sep 2015 Other 1956807
Jeffrey Louis Kaplan Secretary of the general partner; chief operating officer 1 Sep 2015 Other 1751423
Kenneth William Maiman General counsel 1 Sep 2015 Other 5482952
Michael Louis Palmer Treasurer of the general partner; chief financial officer 1 Sep 2015 Other 2264841
Kathryn Sharaf Battistella Chief compliance officer 1 Sep 2015 Other 2739727
Alp Holdings Llc Limited partner 1 Jan 2016 Other 35-2545330
Appaloosa Lp Investment adviser 1 Jan 2016 Other 281909

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Appaloosa Capital Inc. General partner 1 Oct 2015 Other 35-2545330
James Edward Bolin Member 1 Oct 2015 25% - 50% 1956807

Based in Short Hills

The principal office where Appaloosa LP performs its advisory services is located at 51 John F. Kennedy Parkway, Short Hills, NJ 07078, which is also the mailing address of the firm. An additional office of the firm is in Miami Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-701-7000 or by fax 973-701-7055. The normal business hours are 9:00-5:00 on Monday - Friday.