Alan Fournier established Pennant Capital Management, L.L.C. in 2001. He started his investment career at Sanford C. Bernstein in 1988, and became a partner in 1990. Three years later, he started and managed the Institutional Middle Market research sales group for Bernstein, which focused on servicing hedge funds and institutions with less than $1 billion in assets under management. Pennant is a long/short equity hedge fund with $2.3 billion in assets under management. Prior to founding Pennant, Fournier was the partner responsible for global equity investments for Appaloosa Management, a $7 billion distressed and event-driven hedge fund managed by David Tepper. He has also been a portfolio manager at Hagler, Mastrovita and Hewitt, and at Pzena Investment Management. Before entering the investment management industry, Fournier spent five years in technology system sales for Digital Equipment, where he was a National Account Manager. A 1983 honors graduate of Wentworth Institute of Technology, Fournier holds a degree in engineering.