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. [18], Paloma has been criticized along with other politically active hedge funds for having undue influence over the electoral process. CLOSED NOW. The 2023 awardees exemplify the Associations mission and are proof that the American Dream is within reach for all who seek it.. PACRONYM, a Super PAC opposed to President Donald Trump, received $1 million. He has received the Maine Philanthropy Award from Colby College and the Spurwink Humanitarian of the Year award, as well as honorary degrees from the Weizmann Institute of Science and Maine College of Art. Research, analysis, news and other information made available electronically do not constitute individualized recommendations to buy, sell or otherwise invest in a particular security. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/PALOMA-PARTNERS-MANAGEMENT-COMPANY, BANK OF CYPRUS HOLDINGS PUBLIC LIMITED COMPANY. S. Donald Sussman, Founder of Paloma Partners Hedge Fund, Is a Big Hillary Clinton Campaign Backer. Any purported assignment of this User Agreement in violation of its terms shall be void. The Association also aims to educate young people about the endless opportunities available by the free-enterprise system through commitment, honesty, and diligence. The 2023 awardees exemplify the Association's mission and are proof that the American Dream is within reach for all who seek it.". SWFI is a minority-owned organization. Paloma Partners Management Co closed its position in Ishares Tr on 15th August 2022. [16], In the 2020 cycle, Paloma-associated contributions have mostly gone to Democratic Congressional candidates and PACs. Investments in real assets: investing in physical, tangible assets including commodities, equipment, natural resources and property. divided by the total MV of the fund. 484-385-2934 (office) Sign-up In 2018, half of the top-ten biggest political contributors were hedge funds, including Paloma. [8], Sussmans personal net worth is estimated at $500 million. 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. Since 1984, theAssociationhasawardedannualneed-based scholarshipstohigh school students who havedisplayeddedication to pursuing higher education despitesignificantobstacles throughout their lives. 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. You agree that the terms, conditions and agreements governing the third person sites shall apply to you when accessing such sites via a link from this Site, and you agree to abide by such agreements. [19][20]. We seek to generate attractive, long term, risk adjusted returns with low correlation to markets. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading 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. Subscribe to WhaleWisdom to view all filing data PPMC has the right, but not the obligation, to monitor any activity and Content associated with the Site. S. Donald Sussman is the Founder and Chief Investment Officer of the Paloma Fund. The parties are waiving their right to seek remedies in court, including the right to jury trial. Paloma is a private equity real estate investor established in 2015 and wholly owned by its founding partners Joe Froud and Jack Pitman. The scholarships are made possiblethrough the Associationthanks to thegenerosity ofitsMembers, whowillhave collectively provided more than $245millionto35,000 studentsby 2023. USERS SHOULD CONSULT WITH, AND SEEK PROFESSIONAL ADVICE FROM, THEIR OWN ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES AND NEEDS. 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. Additionally, ACG provides hedge fund industry research, consultation and private events. Paloma Partners LLC is a holding company that provides security brokerage, investment, and management consultancy services. WITHOUT LIMITING THE FOREGOING PROVISIONS OF THIS PARAGRAPH, THESE LIMITATIONS ALSO APPLY TO ANY THIRD PARTY CLAIMS AGAINST USERS. The most generous megadonors of the 2020 cycle so far. Open Secrets. 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. Paloma Partners Management Company, Paloma Partners Management, Edit Lists Featuring This Company Section, Recruiting Companies With More Than 10 Employees (Top 10K), New England Companies With Fewer Than 100 Employees (Top 10K), Risk Management Companies With More Than $10M in Revenue. 13F filing from PALOMA PARTNERS MANAGEMENT COMPANY, enter your Paloma Partners Management Company is a hedge fund with 3 clients and discretionary assets under management (AUM) of $12,943,923,869 (Form ADV from 2022-03-31). Palomar is a private family office, we do not provide any investment advice, or accept any outside money. [10], Thanks in large part to Sussmans personal contributions, people associated with Paloma have constituted one of the largest organizational contributors to federal Democratic candidates and organizations over the last thirty years according to the Center for Responsive Politics. There is no recent news or activity for this profile. This obligation survives the termination of this User Agreement. Accessed February 14, 2020. This review was produced by SmartAsset based on publicly available information. In this article, we will discuss the 10 stocks hedge fund legend Donald Sussman is buying. or to simply have an email sent to you whenever we receive a new cccolombo@briancom.com, S. Donald Sussman, Founder and Chairman of Paloma Partners, to Receive 2023 Horatio Alger Award, 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. 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 . The Association also aims to educate young people about the endless opportunities available by the free-enterprise system through commitment, honesty, and diligence. "At Paloma, Nick had a stellar reputation as a. We may change all or any portion of the Site at any time without notice to you. 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). The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. You are prohibited from violating or attempting to violate the security of the Site. 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. Paloma Partners Management Company's largest holding is SPDR S&P 500 ETF TRUST with shares held of 1,482,600. Create Email Alert, ***Log In or Irvine, CA 92612. Mr. Sussman attended Columbia College and received a B.S. This User Agreement replaces all prior or contemporaneous understandings or agreements, written or oral, regarding the subject matter hereof. All material subject to strictly enforced copyright laws. The 10 Most Powerful Hedge Fund Managers this Year. Worth. Persons associated with hedge funds like Paloma, Soros Fund Management, Tom Steyers Farralon Capital, and James Simonss Renaissance Technologies have steadily increased their political contributions, especially since the 2016 presidential campaign of Donald Trump. Recipients of his generous contributions include Massachusetts General Hospital, Weizmann Institute of Science, Skidmore College, Pen Bay Healthcare, Carnegie Hall, the University of the Virgin Islands and Miami Jewish Health Systems. Mr. Hayt is also responsible for the management of PPMC. You may access Palomas Form ADV atInvestment Adviser Public Disclosure. [1]: Hedge Fund Alert first reported Hendel's move to Paloma. Modifications. You may discuss information that you learn from the Site with your financial, legal or tax advisors, and others with whom you share investment decisions. 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. CONTACT: SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. The experience opened his eyes to the nascent world of arbitrage investing, which would become the focus of his professional life. This website uses cookies to improve your experience. Paloma Partners is a Connecticut-based hedge fund founded and managed by Donald Sussman with $9.5 billion in active investments. GREENWICH, CT Third Party Links. Paloma Partners is a hedge fund manager based in Greenwich, CT. Neither party is authorized to act as agent or bind the other party except as expressly stated in this User Agreement. Passwords and Security. Zoom between states and the national map to see the top spots in each region. Theodore Hagan also disclosed a decreased stake in Ishares Tr by approximately 0.1%. Download 13F Summary The founder of a hugely successful hedge fund firm Paloma Partners Management Co. S. Donald Sussman is aware of how remunerative owning a hedge fund can be. This is not a solicitation for any investment service and we receive no compensation from any hedge funds listed. [4], Sussman is an ideological liberal and supports the Democratic Party. Accessed February 14, 2020. There was an error. Sorry, no results has been found matching your query. You are limited to the prior 8 quarters of 13F filings. Headings. Paloma Partners Management Company (Paloma Partners) is a Hedge Fund Manager located in Greenwich, CT United States, North America. Paloma Partners Management Company. Whale Wisdom. Each of these incredible leaders has also shared their success with others, giving generously to important causes and communities in need. Horatio Alger Association of Distinguished Americans, Inc. 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. email address below and choose 'Submit'. We will be in touch soon. "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." After college, Sussman worked at Titan Industrial Corporation and the New York City-based law firm, Gelberg & Abrams. 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. "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. It was the dawn of the computer revolution, and Mr. Sussman became a pioneer in applying quantitative techniques to investing. It sold the previously owned 365,035 shares for $41.3 million. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. 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. ACG, LLC is the flagship entity founded by Alexis Graham and Ian Tracy in March of 2008. PPMC may investigate any complaint or reported violation of its policies and take any action that it deems appropriate. This is not an offer to buy or sell any security or interest. You may not access any password-protected portion of the Site unless you received a password from and are authorized by PPMC. 19200 Von Karman Ave Ste 150. The largest recipients have been the House Majority PAC and Senate Majority PAC, both of which received $4 million. Instead, most of the expenses are passed-through and paid by the feeder funds and investors. With respect to the resolution of any such controversy, you further acknowledge that: Arbitration is final and binding on the parties. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. FOUNDER & CHIEF INVESTMENT OFFICER, GREGORY-HAYT Bio Pine River Capital Management has lost a veteran portfolio manager and his team to rival Paloma Partners, three people familiar with the move said on Friday, the latest in a string of exits from . 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. This User Agreement will continue to apply to your past use of the Site in the form in which it then existed at the time of the subject use. Volatility and correlation strategies: trading derivatives. Links to off-Site web pages do not necessarily constitute third person, sponsorship or affiliation of, with or by PPMC and should not be construed as such. WASHINGTON, Jan. 18, 2023 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announcedthat S. Donald Sussman, founder and chairman of Paloma Partners, hasbeen selected for membership in this prestigious organization. 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