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Why David Tepper Would Keep $100M In A Savings Account At Golden Networking's Hedge Funds Conference

Building off of the momentum of past conferences, Golden Networking brings back Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016", now in New York, Chicago and London (

(September 3, 2012, New York) A receipt showing an astounding $100 million savings balance was left behind at an East Hampton's bank apparently by hedge fund mogul David Tepper, not to be bothered to pick it up after withdrawing $400 and paying a $2.75 ATM fee. Was that a valid strategy in these recessionary times? Let's find out at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" (

As reported by Dealbreaker, it was identified that the account holder is well-known hedge-fund manager and Appaloosa Management chief David Tepper, even though he told the Web site he "hadn't used an ATM since Lehman," whose collapse helped set off the 2008 financial crisis. Contacted by The Post, Tepper laughed the whole thing off, saying he "wasn't in the Hamptons in June at all." And the financial whiz scoffed that he's too sophisticated a money man to leave so much cash in a low-yielding account. "I would never do something as irresponsible as leaving $100 million in a savings account," he said.

Perhaps he wasn't in the Hamptons this summer, yet Tepper has a wife and three kids who share a residence, well, a mansion in Sagaponack, for which he shelled out $43.5 million.

On September 25 in New York, October 9 in Chicago and December 12 in London, hundreds of the most important players in alternative investments will gather for all-star agendas at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" ( A virtual who's who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.

Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how regulatory and alpha expectation s will impact it. Recognized managers, investors, experts, regulators, and strategists will return to Hedge Funds Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Hedge Funds Leaders Forum 2012 is produced by Golden Networking (, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to