DAVID TEPPER: Short The Euro

Billionaire David Tepper, who runs $20 billion distressed debt hedge fund Appaloosa Management, said that he's short the Euro during a "best idea" talk at the Robin Hood Investors Conference.

The Robin Hood Conference, which has a stacked line-up of hedge fund heavyweights, is off limits to the media. Business Insider has a source inside the event.

He's short the euro. He also said that you have to get rid of the 500 euro note, according to our source.

Tepper, who is one of those closely-followed names, has one of the best long-term performance track records in the hedge fund space. He has also been the highest paid fund manager the last two years.

We're going to update this post as we get information.

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