Appaloosa Management

Appaloosa Management L.P., founded in 1993, is an employee-owned hedge fund sponsor based in Short Hills, New Jersey, with an additional office in Miami Beach, Florida. The firm primarily manages pooled investment vehicles and offers separate client-focused fixed income and balanced portfolios. Appaloosa invests globally across various alternative strategies, focusing on equity, fixed income, and hedging markets. It specializes in the debt and equities of distressed companies and employs fundamental analysis to guide its investment decisions. The firm's fixed income investments include high-yield bonds, bank loans to highly-leveraged companies, sovereign debt, and other debt securities.