Appaloosa Management specializes in distressed debt and focuses on investing in public equity and fixed income markets around the world. Appaloosa’s investments focus on undiversified concentrated investment positions. It invests in the global public equity and fixed income markets with a focus on equities and debt of distressed companies, bonds, exchange warrants, options, futures, notes, and junk bonds. The firm's client base consists of high-net-worth individuals, pension and profit sharing plans, corporations, foreign governments, foundations, universities, and other organizations.