Author: Jerry Smith

I'm a news writer from New Jersey. I graduated from Duke University with a degree in Economics in 2022 and worked as a sports editor for The Chronicle.

David Tepper, a billionaire hedge fund manager, recently made a bet on the debt of Silicon Valley Bank (SVB). According to regulatory filings, Tepper’s Appaloosa Management LP bought $75 million worth of bonds issued by SVB in the fourth quarter of 2021. This move indicates Tepper’s confidence in the future prospects of SVB and the technology industry as a whole. SVB is a California-based bank that provides financial services to technology, life sciences, and healthcare companies. The bank has a strong presence in Silicon Valley, where it has provided financing to some of the most successful startups, including Airbnb, Uber,…

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