Hedge fund donor: 'Dad, can you believe this ?'


Hedge fund manager David Tepper woke up on Friday morning in Pittsburgh facing a day filled with promise for his Pennsylvania hometown.

Bloomberg reports that he would be announcing a $67m donation to Carnegie Mellon University. Bringing his total gifts to more than $125m, it would make Tepper, 56, the largest donor in the school’s history. Within a few hours he would attend a ceremony to inaugurate the Pittsburgh university’s ninth president.

His thought of his father, an accountant who raised the family in East Liberty, a lower-middle-class Pittsburgh neighborhood.

'I really don’t talk to my dad, who died six years ago', Tepper said on the phone, speaking from Carnegie Mellon’s Tepper School of Business. 'This morning I looked out the window and I said, ‘Dad, can you believe this ?'

Tepper’s gift will help create the David A. Tepper Quadrangle, a redevelopment of an area on campus that will include a new building and other amenities. It’s a $200m project to be completed in 2018.

To access the complete Bloomberg article hit the link below:

David Tepper, With $67 Million Gift, Recalls Early Life

Bankers Poised for ECB Oversight to Meet Draghi's Troops

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts