David Tepper Bought Alibaba
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David Tepper, founder of Appaloosa Management, bought 725,000 shares of Alibaba in the third quarter, according to government filings.
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The online retailed was recently spun out of Yahoo and made public in a massive IPO.
Tepper, the highest paid hedge fund manager in 2013 taking home $3.5 billion, also lowered his stake in Apple and Citigroup.
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