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Last year, John Paulson broke records when he made arguably the greatest trade of all time against crappy subprime bonds.
But even John Paulson's 2008 earnings don't top David Tepper's this year.
Tepper's Appaloosa reaped the benefits of banks rolling in distressed debt assets after the financial crisis. Eventually they improved and it paid off and he tops Absolute Return+Alpha's list of the highest hedge fund earners this year.
The rest of the usual suspects of course did well too, but the real winner here is Tepper.
What you need to know about Phil Falcone:
What you need to know about John Arnold:
What you need to know about Ken Griffin:
What you need to know about Eddie Lampert:
What you need to know about Carl Icahn:
What you need to know about Steve Cohen:
What you need to know about John Paulson:
What you need to know about James Simons:
What you need to know about George Soros:
What you need to know about David Tepper: