Tepper Capital Management

Tepper Capital Management, established in 1990 by David L. Tepper, is a registered investment advisor based in San Francisco, California. The firm specializes in providing investment management services to individuals, high net worth individuals, trusts, estates, retirement plan accounts, and pension and profit sharing plans. Tepper Capital Management operates as a sole proprietorship, with Mr. Tepper serving as the principal owner and portfolio manager. As a fiduciary, Tepper Capital Management is committed to acting in the best interests of its clients, providing investment advice tailored to each client's financial condition, goals, risk tolerances, and other factors. The firm's investment strategy primarily focuses on closed-end funds, which invest in a variety of securities such as stocks, bonds, and real estate investment trusts. Clients grant full investment discretion to Tepper Capital Management, allowing the firm to make investment decisions on their behalf, including selecting investments, determining asset allocations, and executing trades. The firm charges investment management fees ranging from 1% to ¼% of assets under management, assessed quarterly based on the current market value of client accounts. Tepper Capital Management does not engage in performance-based fees, and Mr. Tepper has a clean disciplinary record with no legal or disciplinary events. The firm does not maintain custody of client funds, and clients are required to set up accounts with a qualified custodian, such as Charles Schwab & Co., Inc. Clients receive regular reports on their account holdings and performance, and can terminate their investment management agreement at any time with a pro-rated fee refund. For more information about Tepper Capital Management and David L. Tepper's qualifications and background, refer to the firm's Form ADV Part 2A and Form ADV Part 2B Brochure Supplement available on the SEC's website.