-- Billionaire investor David Tepper is buying more of “everything” related to China after Beijing rolled out sweeping stimulus measures that exceeded expectations.Tepper, who founded Appaloosa Management in 1993, attributed his big bet on Chinese assets to the shift introduced by the top leaders in Beijing this week.
“We got a little bit longer, more Chinese stocks,” he said, citing low valuations, even after this week’s price surge, as one of the reasons he’s a buyer. Before the recent rally, Tepper, along with Scion Asset Management’s Michael Burry, had been one of the few prominent China stock bulls among hedge fund investors.
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