2009年12月22日

对冲基金之王泰珀的“圣诞礼物” What Is on David Tepper's Holiday Gift List This Year?

卫•泰珀(David Tepper)成为了新的对冲基金之王,他名下的对冲基金今年迄今已盈利约70亿美元。泰珀在饱受打击的银行类股上押下了重注,这使得他旗下的基金Appaloosa Management成为了此次金融危机的最大赢家之一。

这则对冲基金因美国经济形势好转而获利的消息是一个感人的节日故事,正好跟那些在2007年和2008年盈利的对冲基金情况相反,它们是因为次级按揭贷款市场垮台才盈利的。

如果你能幸运地成为泰珀派发圣诞礼物的对象,不妨看看这位今年赚的钱大约相当于蒙特内哥罗国内生产总值的人都能买得起什么。

电动工具在圣诞节期间总是很受欢迎,而泰珀则有实力将电动工具生产企业Black & Decker全盘买下,这家公司上个月被Stanley Works以46亿美元收购。作为捎带,何不考虑买下生产Gold Bond牌爽足粉和洗发液的企业Chattem Inc?这家公司的售价约19亿美元。

要是送礼对象超级自负,又是泰珀极其重视的人,那泰珀或许能为之建造一幢媲美世界最高大楼的建筑。高2,684英尺、160层的迪拜塔(Burj Dubai)建造成本约41亿美元。虽然泰珀可能需要以赊账方式筹措部分建筑费用,但那又有什么可担心的?大厦里的分户公寓转眼就会销售一空。问问迪拜的房地产开发商们就明白了。

如果泰珀怀有慈善之心,那么第三世界债务则是一件新潮礼物。他可以抹去非洲国家坦桑尼亚的61亿美元债务,或者索马里的55亿美元债务,剩下的钱还可以替纳米比亚偿还其8亿美元贷款。

每家对冲基金都应该拥有一家银行。泰珀因押注美国银行(Bank of America)和花旗集团(Citigroup)能熬过今年2月和3月那段最黑暗的日子而赚到了钱。如果被要求再来一次如此精彩的表现,他可以购买美国财政部所持克利夫兰银行KeyCorp.价值25亿美元的认股权证,以及阿拉巴马州伯明翰银行Regions Financial Corp.价值35亿美元的认股权证。这两家在困境中挣扎的地区性银行不像华尔街的受困银行那样引人注目,这使它们的价值低估程度更高。

再看一下4,666这个数字。这是泰珀能用投资盈利购买的兰博基尼Reventons轿车的数量,这款车是目前最昂贵、动力性最强的兰博基尼轿车。

Michael Corkery


David Tepper, the new hedge fund king in town, netted roughly $7 billion this year, making big bets on battered bank shares. That makes his fund Appaloosa Management, one of the biggest winners of the financial crisis.

It is a heart-warming holiday story about a hedge fund that profited because the nation prospered, as opposed to the hedge funds that profited in 2007 and 2008 on the collapse of the subprime mortgage market.

If you are lucky enough to be on Tepper's holiday list, here is what a man who made roughly as much as the annual gross domestic product of the nation of Montenegro can afford to buy:

Power tools are always popular at Christmas. Tepper could have snapped up the entire power tool company, Black & Decker, which sold last month for $4.6 billion to Stanley Works. As a stock stuffer, how about throwing in Chattem Inc, the maker of Gold Bond foot powder and dandruff shampoo, Chattem Inc, which cost about $1.9 billion?

For that really special person with an outsize ego, Tepper could build them a matching set of the world's tallest building. The 2,684 feet, 160-story Burj Dubai cost an estimated $4.1 billion to construct. Tepper might need to put some of the construction bill on credit, but what's to worry? Those condos will sell out in no time. Just ask Dubai's real-estate developers.

If Tepper is feeling in a charitable mood, Third World debt is a trendy gift. He could wipe out the African nation Tanzania's $6.1 billion debt or Somalia's $5.5 billion and have enough left over to clean out Namibia's $800 million of loans.

Every hedge fund should own a bank. Tepper profited by betting that Bank of America and Citigroup would survive the dark days of February and March. For an encore, he could buy the $2.5 billion of Treasury-held warrants in KeyCorp, of Cleveland, and the $3.5 billion of warrants in Regions Financial Corp., Birmingham, Ala. The struggling regional banks aren't as flashy as Wall Street's wards of the state, which makes them a more understated gift.

Then there is this number: 4,666. That is how many Lamborghini Reventons, the most expensive and powerful Lamborghini on the road, that Tepper could buy with his winnings.


Michael Corkery

没有评论: