Tepper is an expert in distressed equity and debt investing. He invests in all different classes and in all different countries. He has bought futures on the Korean Won, American International Group Inc (NYSE:AIG) Debt, Russian Debt, Bank of America equity, as a few examples.
He likes to buy into companies that are near bankruptcy. He will then sell the company’s debt when it matures or sell the stock once the company has recovered. He prefers to invest in companies that have high amounts of revenue. He is also willing to take chances on utility companies because he believes that government will keep these types of companies afloat, because it is usually in the public’s best interest.
