Convertible securities: exploiting price differentials between convertible securities and the underlying security. This User Agreement replaces all prior or contemporaneous understandings or agreements, written or oral, regarding the subject matter hereof. 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. Dozens of other hedge fund and private equity operators gave lesser amounts to the Hillary Victory Fund. Activist strategies: investing with the purpose of influencing the management of a company. SEC form, multiple filers or classes of filers, and much more.***. Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. In this review, we explore the firm's investment philosophies, minimums and more. divided by the total MV of the fund. The most generous megadonors of the 2020 cycle so far. Open Secrets. 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. To contact someone at Paloma Partners about the possibility of investing in one of the firms hedge funds, email info@paloma.com or call (203) 861-3236. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Equity,Pooled Investment Fund Interests USERS SHOULD CONSULT WITH, AND SEEK PROFESSIONAL ADVICE FROM, THEIR OWN ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES AND NEEDS. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Paloma Partners is a Connecticut-based hedge fund founded and managed by Donald Sussman with $9.5 billion in active investments. Many Scholars will relate to his experience, and it is our belief that he will serve as a great source of inspiration for these young students as they prepare to start their careers.. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Accessed February 14, 2020. Passwords and Security. [1]: Accessed February 14, 2020. Subscribe to WhaleWisdom to view all filing data We may change all or any portion of the Site at any time without notice to you. Irvine, CA 92612. Paloma Partners Management Company is a Greenwich, Connecticut-based hedge fund firm. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Finding the right financial advisor near you doesnt have to be hard. 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 . [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. Hedge Fund and Insider Trading News: Donald Sussman, Sanjay Shah, Scott Bessent, Morgan Creek Capital, Glimpse Group Inc (VRAR), Terns Pharmaceuticals, Inc. (TERN), and More, 10 Stocks Hedge Fund Legend Donald Sussman is Buying, Top 10 Stock Picks of Donald Sussman's Paloma Partners, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Private equity: medium to long-term investments in private companies that are not publicly traded. Paloma Partners is a private equity company based in Greenwich, CT and has approximately $140.6 million in assets under management. The experience opened his eyes to the nascent world of arbitrage investing, which would become the focus of his professional life. 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. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. [8], Sussmans personal net worth is estimated at $500 million. 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. Board of Trustees. Carnegie Hall. Risks in relying on the Content. The 10 Most Powerful Hedge Fund Managers this Year. Worth. So over the years he has. Fund of Funds, MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER, PALOMA PARTNERS MANAGEMENT COMPANY AND PALOMA PARTNERS ADVISORS LP. The Association also aims to educate young people about the endless opportunities available by the free-enterprise system through commitment, honesty, and diligence. 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 . Paloma Partners Management Company (Paloma Partners) is a Hedge Fund Manager located in Greenwich, CT United States, North America. 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. 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. 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. Mr. Sussman attended Columbia College and received a B.S. You are solely responsible for maintaining the confidentiality and security of your password, and you hereby agree not to disclose your password to any third party. In 2018, he was the fifth-largest donor in the country, having given $27 million exclusively to Democratic candidates and left-of-center groups. Sussman serves as director of the firm along with Gregory Hayt. Credit relative value investment strategies: designed to find long and short opportunities in corporate, asset backed and mortgage backed securities. Any purported assignment of this User Agreement in violation of its terms shall be void. He has published on risk management and derivatives issues in various finance publications and was a consultant and contributor to the first Sound Practices for Hedge Fund Managers, published in 2000. They were founded in 1989 and have 95 employees. 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. Donald Sussman: his Net Worth, his House, Jet and Sheherazade Yacht. Super Yacht Fan Club. 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. Nevertheless, he eventually returned to school, frequently while still working, earning a bachelor's degree and an MBA from New York University. "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. [3] Contents Company Type For Profit Contact Email info@paloma.com Phone Number +1-203-861-3236 Financing for the 2020 election is still in its first innings, but so far Sussman is the lead donor in the race and contributed $865,300 during the first quarter, all of it to Democrats. 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. Mr. Sussmans efforts have earned him many accolades. 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. Itmanages a total of four hedge funds that have more than $17 billion under management. THE PALOMA FUND is a multi-strategy investment vehicle that has operated across decades and many market cycles. A majority of the top-15 biggest hedge fund-associated donors supported Democratic candidates and organizations. [17], From 2002 to 2020, no more than 1% of Paloma-associated donations went to Republican candidates and organizations. All Rights Reserved. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Distressed strategies: investing in securities and other assets of issuers of weak financial condition. 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. You agree that we are not liable for any action you take or decision you make in reliance on any Content. 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. 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. Have 95 employees, which would become the focus of his professional life financial advisor near you doesnt to! 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