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. Lois Peltz. Fixed income strategies: investing in long and short credit positions. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Instead, most of the expenses are passed-through and paid by the feeder funds and investors. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Paloma Partners has no other clients: There are no other types of funds at the firm, no high-net-worth individuals and no other institutional clients. Address and Contact Info for Paloma Partners Paloma Partners Two American Lane Greenwich, CT 6830 Website: http://www.paloma.com Phone: (1) 203-861-3236 Fax: (1) 203-862-6902 Download full info for Paloma Partners in Excel format in the following lists. In 1992, he joined Paloma Partners and eventually traded $400 million, the largest amount managed by any individual at the hedge fund. The most generous megadonors of the 2020 cycle so far. Open Secrets. 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. The firm last filed a Form D notice of exempt offering of securities on 2022-03-24. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Nevertheless, he eventually returned to school, frequently while still working, earning a bachelors degree and an MBA from New York University. Convertible securities: exploiting price differentials between convertible securities and the underlying security. I look forward to networking with Scholars and joining the Members to help expand upon that impact.". Get our editors daily picks straight in your inbox! All material subject to strictly enforced copyright laws. As of now, the firm only works with the hedge funds it manages, but it reserves the right to take on other clients including more private funds or separately managed accounts.Founder Donald Sussman is well known to the general public for both his charitable donations and his involvement in Democratic Party politics. The Site contains hyperlinks (or "links") to Internet web sites of third persons and entities. How do I update this listing? IN NO EVENT SHALL THE LIABILITY OF PPMC OR OF ANY PPMC AFFILIATE IN ANY CIRCUMSTANCE EXCEED $100. He is a Trustee/Board member of Emilys List, Center for American Progress, as well as an Honorary Trustee of the Ethical Culture Fieldston School. Hedge funder Donald Sussman sold a waterfront lot in Fort Lauderdale for $17 million to a Texas-based aerospace executive in an off-market deal. In the last 15 years, he has donated approximately $100 million to organizations focusing on education, the arts and the environment. Paloma Partners Management Company Review -- SmartAsset | SmartAsset.com Want to learn more about the hedge funds Paloma Partners Management Company manages? You may not assign this User Agreement or delegate any of your obligations hereunder. Sorry, no results has been found matching your query. Accessed February 14, 2020. Restless as a Columbia University undergraduate, he took a leave of absence and began working for a small brokerage firm. FOUNDER & CHIEF INVESTMENT OFFICER, GREGORY-HAYT Bio DYNAMIC CAPITAL ALLOCATION among a changing group of strategies and portfolio managers as market opportunities shift, FLEXIBLE TRADING MODEL designed for the realities of ever changing markets, A focus on RISK MANAGEMENT and capital preservation, The ongoing search for accomplished and innovative INVESTMENT TALENT. SmartAssets, If you do invest in hedge funds, dont forget to budget for the. Sovereign Investor Leadership Conference March 2023. We seek to generate attractive, long term, risk adjusted returns with low correlation to markets. Download 13F Summary the MV of securities sold, whichever is less, [12] In 2016, these donations jumped to over $41 million, before declining to $28 million in 2018. Fund of Funds, MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER, PALOMA PARTNERS MANAGEMENT COMPANY AND PALOMA PARTNERS ADVISORS LP. In 2018, half of the top-ten biggest political contributors were hedge funds, including Paloma. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. THE PALOMA FUNDis a multi-strategy investment vehicle that has operated across decades and many market cycles. [11], Throughout the 1990s, Paloma-associated political donations steadily increased from tens of thousands to hundreds of thousands of dollars. for PALOMA PARTNERS MANAGEMENT COMPANY, Top 20 equal-weighted holdings. Advisors at Paloma Partners are open to all types of investments, including margin investments. PPMC, Paloma.com and other names and indicia of source of PPMC and its services and funds it services, are exclusive trademarks and service marks of PPMC, the funds it services, their advisors and affiliates. So over the years he has. Paloma Partners Management Company is a Greenwich, Connecticut-based hedge fund firm. The Association also aims to educate young people about the endless opportunities available by the free-enterprise system through commitment, honesty, and diligence. Past Performance. Itmanages a total of four hedge funds that have more than $17 billion under management. You may not access any password-protected portion of the Site unless you received a password from and are authorized by PPMC. About SS&C Technologies. Entire Agreement. Copyright 2008-2020 HedgeFundJobList.com | All Rights Reserved |. They were founded in 1989 and have 95 employees. YOU AND PPMC WILL SETTLE ANY DISAGREEMENTS BY ARBITRATION IN NEW YORK STATE UNDER THE SUBSTANTIVE PROVISIONS OF NEW YORK STATE LAW. The experience opened his eyes to the nascent world of arbitrage investing, which would become the focus of his professional life. Since 1984, theAssociationhasawardedannualneed-based scholarshipstohigh school students who havedisplayeddedication to pursuing higher education despitesignificantobstacles throughout their lives. I truly believe that education is a stepping stone to a better future, so throughout the years, I have searched for ways to create pathways for talented individuals who can excel across many fields if simply given the opportunity. said Mr. Sussman. Distressed strategies: investing in securities and other assets of issuers of weak financial condition. Accessed February 14, 2020. Investments in real assets: investing in physical, tangible assets including commodities, equipment, natural resources and property. In 2002, donations spiked to $1.2 million. Past performance is no indication of future performance, and nothing on this Web site should be interpreted to state or imply otherwise. Modifications. You may not modify the terms of this User Agreement or any of the policies or guidelines governing the Site without PPMC's express prior written consent. Such action may include, but is not limited to, issuing warnings, suspending or terminating your use of all or any portion of the Site and denying you access to all or any portion of the Site. Enforceability. This User Agreement replaces all prior or contemporaneous understandings or agreements, written or oral, regarding the subject matter hereof. Prior to joining PPMC, Mr. Hayt served in a range of risk management, trading and consulting roles, including: Principal at Rutter Associates, Executive Director at CIBC World Markets, and Vice President of Risk Management Research at Chase Manhattan Bank. Arbitration shall be conducted in the Borough of Manhattan, New York State. Neither party is authorized to act as agent or bind the other party except as expressly stated in this User Agreement. Selwyn Donald Sussman [1] [2] (born June 8, 1946) is an American asset manager and philanthropist who is the founder and chief investment officer of the Paloma Funds. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/PALOMA-PARTNERS-MANAGEMENT-COMPANY, BANK OF CYPRUS HOLDINGS PUBLIC LIMITED COMPANY. Mr. Sussman was born into humble beginnings to a father who saved money his entire life with a goal of funding his childrens education. Statistical arbitrage and systemic futures strategies: using quantitative methods and statistical models to identify mispricings. Palmoa Partners Profile of 2020 Election Cycle. Open Secrets. This User Agreement will be binding on and will inure to the benefit of the legal representatives, successors and assigns of the parties hereto. Commodities strategies: trading commodities, futures, options or derivatives on agricultural products, energy products, metals, minerals and others. or to simply have an email sent to you whenever we receive a new 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 WASHINGTON, Jan. 18, 2023 . Additionally, ACG provides hedge fund industry research, consultation and private events. and a top 10 holdings concentration of 44.34%. He was named President of PPMC in December 2007. Dated Content speaks only as of the date indicated. For more information, please visit www.horatioalger.org. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Donald Sussman: his Net Worth, his House, Jet and Sheherazade Yacht. Super Yacht Fan Club. Whalewisdom has at least 88 13F filings, 5 13D filings, and 6 13G filings. "Each year, it is our utmost honor to present outstanding leaders who have displayed extraordinary perseverance in overcoming challenges with the Horatio Alger Award," said James F. Dicke II, chairman, Horatio Alger Association and 2015 Horatio Alger Award recipient. For76years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to education and charitable efforts in their communities. Hedge Fund: Phone: Address: Source: Fund AUM and Sold ($) 15 12 9 6 3 0 2011 2015 2019 2023: Fund Details; Director: Paloma Partners Management Company, Paloma Partners Advisors LP: Custodian: SG Americas Securities LLC, Barclays Bank PLC, Citigroup Global Markets Inc, UBS Switzerland AG, JP Morgan Securities LLC, UBS Securities LLC, Credit . About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. For more information about Horatio Alger Association and its Member Class of 2023, please visitwww.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Subscribe to WhaleWisdom to view all filing data PPMC may assign this User Agreement in whole or in part at any time without your consent. Paloma is a multi-strategy hedge fund that has a historical focus on quantitative and relative value strategies. 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. As he achieved success in business, Mr. Sussman shared his wealth with others, earning a reputation as a distinguished philanthropist. Headings used in this User Agreement are for convenience only. Paloma Partners is a hedge fund manager based in Greenwich, CT. No Recommendations of Individual Securities or Strategies. For more information about Horatio Alger Association and its Member Class of 2023, please visitwww.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. By the 40th anniversary of the Associations scholarship program in 2024, more than $259 million will be awarded in undergraduate, graduate, military veteran and career and technical education scholarships to more than 37,000 deserving students. Of the 2020 Democratic Presidential candidates, Senator Cory Booker (D-NJ) received the most in Paloma-associated contributions as of February 2020. [2], According to the Center for Responsive Politics, persons associated with Paloma Partners formed the tenth-biggest overall donor organization in America from 1990 to 2020, with $96 million donated. Copyright 2023 InfluenceWatch. Alt Turnover is calculated by taking either the total MV of new purchases or 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. No Waiver of Rights. The scholarships are made possible through the Association thanks to the generosity of its Members, who will have collectively provided more than $245 million to 35,000 students by 2023. About Us. The strategies used include: AUM: $12,187,322,975Minimum: NoneBeneficial Owners: 5, AUM: $2,626,481,418Minimum: $5 millionBeneficial Owners: 235, AUM: $1,842,422,736Minimum: $5 millionBeneficial Owners: 507, AUM: $498,139,753Minimum: $5 millionBeneficial Owners: 79. One-Time Checkup with a Financial Advisor. In 1981, Sussman founded Paloma Partners with $3 billion in assets. 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 SITE AND ALL INFORMATION AVAILABLE ON OR VIA THE SITE ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION: (1) ANY WARRANTIES CONCERNING THE AVAILABILITY, RELIABILITY, ACCURACY, COMPLETENESS, TIMELINESS OR SEQUENCING OF THE SITE OR THE CONTENT, PRODUCTS OR SERVICES AVAILABLE ON OR VIA THE SITE; AND (2) ANY WARRANTIES OF TITLE OR EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND PROPRIETARY RIGHTS. Currently, there are no asset-based or performance based fees at Paloma. Your use of links to any third person via the Site is at your own sole risk. At only 15 years old, his father's death thrust Mr. Sussman into the role of family leader. [8], Sussmans personal net worth is estimated at $500 million. 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. Headings. This filing contains information about Paloma. As of February 3, 2020, Paloma was currently the single-largest organization associated with donors to federal political candidates in America in the 2020 election cycle, with over $14 million donated exclusively to Democratic candidates and organizations. Mr. Sussman joins 12other exceptional business, civic and cultural leaders from across NorthAmerica in receiving 2023 honors. Investment vehicle that has a historical focus on quantitative and paloma partners hedge fund value strategies web sites of third persons entities. In long and short credit positions Area, Silicon Valley ), Operating Status of organization e.g a Texas-based executive. Organizations focusing on education, the arts and the environment agreements, written or oral, regarding the matter! 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