Alan Fournier

Alan Fournier worked at Appaloosa Management under David Tepper, learning the event-driven and distressed investing style that Tepper had made famous. He founded Pennant Capital Management in Chatham, New Jersey in 2001, raising initial capital to run event-driven and activist strategies. Pennant has generated strong long-term performance through concentrated bets in distressed situations, activist campaigns, and event-driven opportunities. Fournier has maintained a relatively low profile compared to some other hedge fund managers, focusing on investment execution rather than media visibility. His background under Tepper gave him a strong foundation in analyzing corporate credit structures and identifying undervalued or mismanaged companies. This disciplined focus on deep fundamental research and situational investing has enabled Pennant Capital to deliver risk-adjusted returns consistently through multiple market cycles.