David Tepper Tells CNBC That His Market Concerns are Alleviated

Jun 05, 2014 12:40 pm ET

June 5 (Bloomberg) -- Billionaire hedge-fund manager David Tepper, who said last month that he was nervous about financial markets because the economy wasn’t growing at a sufficient pace, said his concerns have been alleviated.

The founder of $20 billion hedge-fund firm Appaloosa Management LP made the comments today in an interview on CNBC, according to its website.

Tepper, 56, told an audience at a Las Vegas conference on May 14 that the market is “is kind of dangerous in a way” and that investors shouldn’t be too optimistic about rising markets and that they should hold cash.