Stock market

A stock market, equity market or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately. 

Hedge-fund star David Tepper says that the stock market’s violent Christmas Eve selloff has compelled him to “nibble” at beaten-down equities.

He worked for eight years at Goldman Sachs as a trader but left to start up his own hedge fund, Appaloosa Management, in 1992 after repeatedly being passed over for partnership at Goldman.

Mr Tepper owns property in the Hamptons but calls Livingston, New Jersey, his home. Gov Chris Christie, Chelsea Handler and Seinfeld star Jason Alexander also live there.

The David A. Tepper School of Business at his alma mater Carnegie Mellon University was established after he made a $55million donation.

He graduated from the prestigious Wharton Business School at the University of Pennsylvania. In 2010, he and his wife pledged $50million to the North Shore-Long Island Jewish Health System.

The former math professor and his second wife, Marilyn Hawrys Simons, have donated more than $200million to Stony Brook University. He is involved in several other charitable foundations.

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