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Investing in the Emerging Market
When he started his own fund, tepper lacked connections and started apalusa with a modest 57 million an a u m. He regarded it as just a different kind of credit analysis. His first winds came from debt crises in latin america. In 19 95, apelusa had big gains on positions in argentina, brazil and vinezuela. Tepper sent a team to korea and discovered that the country was an export machine,. They were sacrificing their gold for the good of the country.