Family offices are continuing to make major investments across the United States, buying into everything from crypto businesses to consumer food brands, even as some market participants pull back due to geopolitical tension and economic uncertainty.
As global markets hit new highs last quarter on the back of AI-driven optimism, several billionaire-backed family offices quietly moved into battered stocks, according to third-quarter filings reviewed by CNBC. David Tepper’s Appaloosa made some of the most notable shifts. The firm exited its full Oracle position during a period in which the stock surged […]
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