Billionaire David Tepper's Dividend Stock Picks

By Insider Monkey: The Tepper School of Business at Carnegie Mellon University is one of the best business schools in the world and it is named after David Tepper , the founder of Appaloosa Management. Tepper made $4 billion in 2009 after returning close to 120% and his Appaloosa returned approximately 30% in 2010.

By Insider Monkey: By Guan WangSuperstar fund manager David Tepper worked as the head trader on the high-yield desk at Goldman Sachs until he left to launch Appaloosa Management in 1993. Under Tepper's management, Appaloosa was up 132% in 2009 and returned 30% net of fees in 2010. In 2011, a year when many hedge funds reported sub-par performance, Tepper's fund was down about 5%.

By Insider Monkey: Israel Englander was once enrolled in the MBA program at New York University. But instead of earning the degree - he dropped out of the program to work on Wall Street. In 1989 - he established Millennium Management with $35 million. The fund generated an average return of 17% per year after fees and its size grew to $8 billion by 2005. Now, Englander is one of the top paid fund managers.

By Insider Monkey: Bridgewater Associates is one of the largest and best-performing hedge funds today. Back in 1975, when the fund was founded by Ray Dalio, its office was just a two-bedroom apartment. Now it manages more than $100 billion in global investments and has nearly 1200 employees researching the market and trading in various markets and geographies. Last year, Bridgewater returned 44.8%.

By Insider Monkey: This is the perfect time to invest in high dividend stocks. Treasury yields are ridiculously low and high dividend stocks offer higher dividend yields, some inflation protection, and some growth potential to investors. One of the practical ways to pick strong high dividend stocks is to choose those favored by famous hedge fund managers. Louis Bacon, founder of Moore Capital Management, is one of these managers.

By Insider Monkey: Jim Cramer is the host of CNBC's "Mad Money" and the chairman of TheStreet.com. In 1987, Cramer started his own hedge fund and returned an average of 24% per year between 1987 and 2001. Cramer also authored six money management books.

Insider Monkey submits: David Tepper is one of our favorite hedge fund managers. He made $4 billion in 2009 and currently ranks as the 258th richest person in the world. He outperformed the market in 2010 as well despite managing a very large portfolio. David Tepper’s Appaloosa manages $16 billion and returned around 30% in 2010.

By Insider Monkey: By Guan Wang