David Tepper's ATM receipt $ 99.864.731,94

Quote from JamesL:

Could have been a temporary aggregation of funds - guys like that move money around all the time
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That's right. Deposited and then w/t to wherever he keeps investment accounts.

I'm fairly certain that it's not even possible to deposit third party checks into brokerage accounts. They want the funds to be originated from a bank account in the account holder's name.
 
Quote from chicagodon:

Why would he have that much cash in one account? Only insured up to $250k
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As James L said...temporary holding of funds and then swept into some interest bearing or brokerage account.
 
Quote from denner:

That's right. Deposited and then w/t to wherever he keeps investment accounts.

I'm fairly certain that it's not even possible to deposit third party checks into brokerage accounts. They want the funds to be originated from a bank account in the account holder's name.
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If it is 3rd party funds, then you have to ask why is anyone tapping the funds for personal use? If business related expenses, then you use checks, not cash.

Co-mingling of personal and corporate/investor funds is a major no-no.
 
guy could have $5B liquid and it would be 2% of his net worth. IIRC the guys at dealbreaker actually saw the ATM receipt.

Many banks have very low ATM w/d limits.
 
Nighthawk said:
"I think I’ve seen this one before but it still blows my mind.

It’s from hedge fund manager David Tepper at Appaloosa Management after someone picked it up outside an ATM. He earned $4 billion (for himself) in 2009 and this wasn’t long afterwards."

100-million-atm-slip.png


Source: http://www.forexlive.com/blog/2013/11/29/100-million-dollar-atm-slip/comment-page-1/#comment-839349
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At the time he was asked about this either on CNBC or Bloomberg and he denied it....
 
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