Appaloosa LP provides investment advice to two private funds: Palomino Master Ltd. and Azteca Partners LLC. Palomino Fund is intended for sophisticated and institutional investors, while Azteca is primarily for principals and employees of Appaloosa. Appaloosa employs an event-driven investment strategy, seeking high returns by investing in public and private equities, high-yield bonds, and other securities, including those of financially distressed companies and special purpose acquisition companies (SPACs).
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.00% |
This fee applies to non-affiliated investors in Palomino Fund. Investors in Azteca are not subject to any fees or asset-based compensation. AMLP receives a performance fee each year from Palomino Fund equal to 20% of the net appreciation of the investment of each non-affiliated investor in the Fund.