Create Email Alert, ***Log In or Sign-up S. Donald Sussman, Founder and Chairman of Paloma Partners, to Receive 2023 Horatio Alger Award PR Newswire Horatio Alger Association names 13 outstanding individuals, each of whom has overcome adversity to achieve professional and . All or any portion of the Site may not be available and may not function properly at any time. It was the dawn of the computer revolution, and Mr. Sussman became a pioneer in applying quantitative techniques to investing. No Recommendations of Individual Securities or Strategies. Sussman has served on the boards of a number of civic, cultural, educational, and research institutions and is a major contributor to Democratic candidates and causes. No affiliation or endorsement, express or implied, is provided by their use. You agree that the notice provisions provided in this User Agreement are reasonable. For more information about Horatio Alger Association and its Member Class of 2023, please visitwww.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Request Profile Update Download Data 1 Recorded Transactions $12,943,923,869 Managed Assets Home Profiles Hedge Fund Manager North America Paloma Partners Paloma Partners Details Paloma Partners Contact Information S. Donald Sussman, a Clinton supporter who founded Paloma Partners, has donated nearly $18 million, according to CRP records; Singer has given more than $12 million, mainly to conservative. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. Hillary Clinton (D). Open Secrets. Acceleration Capital Group, LLC is a placement agency within the alternative investment industry. Lois Peltz. To inquire about opportunities please contact us at:recruiting@paloma.com. He was the recipient of Hedge Funds Reviews Lifetime Achievement Award in 2013 and Institutional Investors Alternative Investment News Lifetime Achievement Award in 2004. Joint Venture. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. No Liability for Technological Problems. Shaolin Capital Management is a registered investment advisor that invests opportunistically across the capital structure. Investments in real assets: investing in physical, tangible assets including commodities, equipment, natural resources and property. YOU AND PPMC WILL SETTLE ANY DISAGREEMENTS BY ARBITRATION IN NEW YORK STATE UNDER THE SUBSTANTIVE PROVISIONS OF NEW YORK STATE LAW. List of hedge funds are not intended for investment purposes. Fundamental and directional strategies: measuring the intrinsic value of a security by analyzing economic and financial factors. The largest recipients have been the House Majority PAC and Senate Majority PAC, both of which received $4 million. CONTACT:Carly Colomboccolombo@briancom.com, View original content:https://www.prnewswire.com/news-releases/s-donald-sussman-founder-and-chairman-of-paloma-partners-to-receive-2023-horatio-alger-award-301724711.html. This goal was tragically cut short when he suddenly passed away. This is not an offer to buy or sell any security or interest. Definitions of hedge funds vary, and we have made every effort to apply a definition that in our opinion would be helpful to job hunters. The firm is owned equally by Sussman, Hayt and 17 other senior employees.Paloma is located in Greenwich, Connecticut. Houston Office. In 2018, he was the fifth-largest donor in the country, having given $27 million exclusively to Democratic candidates and left-of-center groups. Find30 categories of updated info on Paloma Partners including all of the above infoin the below lists: The main corporate email address for Paloma Partners is available as part of its listing in the following downloadable hedge fund lists: Updated assets under management information for Paloma Partners is available as part of its listing in the following downloadable hedge fund lists: Full details for top executives at Paloma Partners, including name, position, and email addresses are available as part of its listing in the following downloadable hedge fund lists: Because of the constantly shifting nature of the industry, we make no claims to the accuracy or completeness of the information contained in any of our hedge fund / private equity lists. There is no recent news or activity for this profile. Active, Closed, Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. PPMC has no obligation to inquire as to the authority or propriety of any use of or action taken under your password and will not be responsible for any loss to you arising from any such use or action or from your failure to comply with the above. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Horatio Alger Association of Distinguished Americans, Inc. https://www.prnewswire.com/news-releases/s-donald-sussman-founder-and-chairman-of-paloma-partners-to-receive-2023-horatio-alger-award-301724711.html, White House rejects debt ceiling talks, insists on cap raise, Southwest Airlines pilot union calls for strike authorization vote, Debt ceiling: Last minute decisions not good for the economy, economist says, UPDATE 1-Shein in talks to raise funds at lower valuation of $64 bln - FT, Heavy slate of U.S. oil refinery overhauls to crimp fuel output. In this review, we explore the firm's investment philosophies, minimums and more. Paloma is a private equity real estate investor established in 2015 and wholly owned by its founding partners Joe Froud and Jack Pitman. [14], Paloma was the single largest contributor to the 2016 presidential campaign of Hillary Clinton, with $21,613,800 donated. The ongoing search for accomplished and innovative. the MV of securities sold, whichever is less, SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. The 2023 awardees exemplify the Association's mission and are proof that the American Dream is within reach for all who seek it.". Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. After working in investing roles for several firms, in 1981, at the age of 35, he founded the hedge fund Paloma Partners with one other employee, a desk, and two chairs. Hedge funds are highly complex and loosely regulated. They arent generally the best option for amateur investors -- in fact, you must be an accredited investor to invest in one.That said, there are no disclosures on the record at Paloma. Leadership. ProPublica. Mr. Sussman was born into humble beginnings to a father who saved money his entire life with a goal of funding his children's education. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Since our founding we have built a reputation for longevity in hedge fund investing. PPMC hereby grants you a revocable, nontransferable, nonexclusive right to use the Site solely in accordance with this User Agreement. Nevertheless, he eventually returned to school, frequently while still working, earning a bachelors degree and an MBA from New York University. We'll assume you're ok with this, but you can opt-out if you wish. Board of Trustees. Carnegie Hall. Assets Under Management (AUM): $12.209 billion, Donald Sussman Chief Investment Officer: xxx@paloma.com, Gregory Hayt President and Chief Risk Officer: xxx@paloma.com. Entire Agreement. He is particularly concerned with environmentalist policy. Paloma Partners Management Company's largest holding is SPDR S&P 500 ETF TRUST with shares held of 1,482,600. Paloma Partners primarily utilizes a multi strategy strategy. Mr. Sussman and the Member Class of 2023will be formally inducted into the Association during the Horatio Alger Award Induction Ceremonies in Washington, D.C. from March 30 through April 1, 2023. Gregory Hayt is the President and Chief Risk Officer of Paloma Partners Management Company (PPMC). 6. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. IMPORTANT DISCLOSURES & AGREEMENTS About Since our founding we have built a reputation for longevity in hedge fund investing. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. We pursue attractive risk/reward opportunities in all strategies, but we have traditionally focused on quantitative and relative value approaches. Horatio Alger Association of Distinguished Americans, Inc. Hedge Fund Alert first reported Hendel's move to Paloma. Pre-arbitration discovery is generally more limited than and different from court proceedings. Itmanages a total of four hedge funds that have more than $17 billion under management. Accessed February 14, 2020. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. "The Horatio Alger Association is a wonderful example of the impact we can make on future generations. All opinions, recommendations, views, news, information and other content contained in any third person sites are solely those of the third persons, and PPMC disclaims all responsibility and liability for such content. High yield strategies: trading and investing in credit derivatives, bank debt, bonds and equities of unrated or below investment grade issuers. After college, Sussman worked at Titan Industrial Corporation and the New York City-based law firm, Gelberg & Abrams. Were especially interested in traders focused on algorithmic and relative value strategies. Activist strategies: investing with the purpose of influencing the management of a company. Mr. Sussman's efforts have earned him many accolades. Paloma Partners, a $4-billion hedge fund that has spent much of the last three decades politely turning away would-be investors, is opening its doors, if only a crack to newcomers, three people . In 2002, donations spiked to $1.2 million. All material subject to strictly enforced copyright laws. The Site contains hyperlinks (or "links") to Internet web sites of third persons and entities. Mr. Hayt is also responsible for the management of PPMC. This User Agreement will be binding on and will inure to the benefit of the legal representatives, successors and assigns of the parties hereto. Any questions about the nature of our relationship or the law surrounding this relationship will be governed by New York State law without giving effect to conflicts of law principles. Mr. Hayt received a BS Magna Cum Laude in Economics with concentrations in Finance and Operations Research from the Wharton School at the University of Pennsylvania and an MS/ABD in Finance from the University of Rochester. When completed, an email will be sent to the email address you specify 19200 Von Karman Ave Ste 150. You agree that you will not publish, broadcast, retransmit, reproduce, commercially exploit, create any derivative of or otherwise disseminate any portion of the Site. This User Agreement is entered into by and between you and PPMC, and governs your access to and use of the Site and the information ("Content") available on the Site. PPMC may modify the terms of this User Agreement or any of the policies or guidelines governing the Site, at any time and in its sole discretion, by posting the modified User Agreement on the Site. [18], Paloma has been criticized along with other politically active hedge funds for having undue influence over the electoral process. divided by the total MV of the fund. For more information, please visit www.horatioalger.org. Accessed February 14, 2020. General Provisions. S. Donald Sussman, Founder of Paloma Partners Hedge Fund, Is a Big Hillary Clinton Campaign Backer. Accessed February 14, 2020. Paloma Partners. Open Secrets. PPMC does not maintain and is not responsible or liable for any off-Site web pages accessible from or linked to the Site or any products, services or information contained, offered or promoted therein. Average Retirement Savings: How Do You Compare? The three-day event is an annual ceremony to honor both the achievements of Members and National Scholars, who will have multiple opportunities to meet, interact and exchange stories of perseverance. GREENWICH, CT I look forward to networking with Scholars and joining the Members to help expand upon that impact.". [1]: Through the generosity of its Members and friends, in 2022, the Association awarded more than $16 million in undergraduate and graduate need-based scholarships to over 1,600 students across the United States and Canada, and provided college support and mentoring services to its Scholars. Paloma Partners Management Company (Paloma Partners) is a Hedge Fund Manager located in Greenwich, CT United States, North America. You acknowledge that the information contained on the Site is not and should not be construed as advice or recommendations regarding individual securities including advice or recommendations concerning the suitability of, and investment strategies for, individual securities. [3] Contents View contacts for Paloma Partners to access new leads and connect with decision-makers. You hereby consent to the exclusive jurisdiction of the Southern District of New York or any New York State Court located in the Borough of Manhattan, New York, in all disputes arising from or relating to this User Agreement or your access to or use of the Site. In order to cooperate with governmental requests, to protect PPMC's systems and Users, to ensure the integrity and operation of PPMC's Site, business or systems, or otherwise to comply with the law and legal process, PPMC may access and disclose any information it considers necessary or appropriate. A trust led by S. Donald Sussman, the founder and chief investment officer of Greenwich, Connecticut-based hedge fund Paloma Partners, sold a vacant home lot in Fort Lauderdale for $17 million . We will be in touch soon. About Us. Past performance is no indication of future performance, and nothing on this Web site should be interpreted to state or imply otherwise. Performance numbers calculated through 2022-11-14. To work multiple jobs while attending and even excelling in college is no easy task, and Mr. Sussman is a terrific example that dedication and perseverance pays off, said Terrence J. Giroux, executive director, Horatio Alger Association. The modifications shall be effective upon such posting (unless some other date is specified in the posting, in which case that date shall be deemed the effective date for the modifications). Paloma Partners specializes in hedge fund investment, trading, dynamic capital allocation and risk management services. We seek to generate attractive, long term, risk adjusted returns with low correlation to markets. This leaves the value of the investment at $18 million and 140,362 shares. Performance This is not a solicitation for any investment service and we receive no compensation from any hedge funds listed. Additionally, ACG provides hedge fund industry research, consultation and private events. Horatio Alger Association names 13 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2023. Nothing in this User Agreement shall constitute or create a joint venture, partnership, or any other similar arrangement between you and PPMC. This filing contains information about Paloma. He is responsible for all PPMC activities related to the Paloma Fund and also runs the Risk Management Group. Ownership. Access to the materials may not be legal by certain persons or in certain countries. Theodore Hagan also disclosed a decreased stake in Ishares Tr by approximately 0.1%. Your use of the Site indicates your full acceptance of the User Agreement in its then-current form each time you use the Site. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. You acknowledge that the information contained on the Site is not and should not be construed as legal, tax, accounting or investment advice (including any advice concerning the suitability or profitability of any security or investment). Research, analysis, news and other information made available electronically do not constitute individualized recommendations to buy, sell or otherwise invest in a particular security. Fund of Funds, MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER, PALOMA PARTNERS MANAGEMENT COMPANY AND PALOMA PARTNERS ADVISORS LP. This obligation survives the termination of this User Agreement. Zoom between states and the national map to see the top spots in each region. You acknowledge that the information contained on the Site is not and should not be construed as an offer or solicitation of any kind to buy or sell any securities or other financial instruments. We do not endorse the opinions of, or warrant the accuracy of facts or other Content contributed by, any third party. HTTPS://WWW.PALOMA.COM Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For. https://whalewisdom.com/filer/sunrise-partners-llc-ct, https://www.opensecrets.org/orgs/list.php?id=, https://books.google.com/books?id=Yj0LIWZocugC&pg=PA247&lpg=PA247&dq=Paloma+Partners+%2B+SUSSMAN&source=bl&ots=-0eZ_Fb_uQ&sig=eY-rc2sKUdflwGkggxR_wul7nfQ&hl=en&sa=X&ei=WHWZUb6bN4jU8wT8sYCgAg&ved=0CGMQ6AEwCQ#v=onepage&q=Paloma%20Partners%20%2B%20SUSSMAN&f=false, https://www.opensecrets.org/news/2019/04/generous-megadonors-of-q1-2020/, https://www.carnegiehall.org/About/Leadership-and-Staff/Board-of-Trustees, https://www.superyachtfan.com/yacht-alice-s-restaurant.html, https://www.worth.com/the-10-most-powerful-hedge-fund-managers-this-year/, https://www.opensecrets.org/orgs/totals.php?id=D000000552&cycle=2010, https://www.opensecrets.org/pres16/contributors?id=N00000019, https://www.ft.com/content/af4e852c-70d7-11e8-92d3-6c13e5c92914, https://www.opensecrets.org/orgs/summary.php?id=D000000552, https://www.businessinsider.com/the-hedge-fund-industry-gave-tens-of-millions-to-both-parties-in-the-midterms-2019-5, https://www.cnbc.com/2016/09/09/the-biggest-hedge-fund-donor-this-election-why-it-stays-so-quiet.html, Clinton 2016 Presidential Campaign (Political Party/527). 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