Mr. Sussman's efforts have earned him many accolades. Paloma Partners primarily utilizes a multi strategy strategy. WITHOUT LIMITING THE FOREGOING, THIS DISCLAIMER OF LIABILITY APPLIES TO ANY DAMAGES OR INJURY CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF ANY ASSET, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE OR UNDER ANY OTHER CAUSE OF ACTION. For more information about Horatio Alger Association and its Member Class of 2023, please visitwww.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Your use of links to any third person via the Site is at your own sole risk. We seek to generate attractive, long term, risk adjusted returns with low correlation to markets. He has even served on the boards of liberal organizations like the Center for American Progress and the Democracy Alliance. The 2023 awardees exemplify the Associations mission and are proof that the American Dream is within reach for all who seek it.. Get full info on Paloma Partners including updated assets under management, executive and company emails, and more than 35 categories of additional information. Accessed February 14, 2020. Passwords and Security. 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. SWFI is a minority-owned organization. Paloma manages approximately $4.8 billion in assets. [4], Sussman is an ideological liberal and supports the Democratic Party. CLOSED NOW. 2023 Paloma Partners Management Company. Persons associated with Paloma have already donated $14 million in the 2020 election cycle. USERS SHOULD CONSULT WITH, AND SEEK PROFESSIONAL ADVICE FROM, THEIR OWN ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES AND NEEDS. S. Donald Sussman is the Founder and Chief Investment Officer of the Paloma Fund. As part of its registration with the U.S. Securities and Exchange Commission Paloma Partners has filed a Form ADV. Paloma Partners LLC is a holding company that provides security brokerage, investment, and management consultancy services. said Mr. Sussman. If you access the Site from outside of the United States, you do so at your own risk and you are responsible for compliance with the laws of your jurisdiction. It was the dawn of. Paloma Partners is a Connecticut-based hedge fund founded and managed by Donald Sussman with $9.5 billion in active investments. A financial advisor can help you get your portfolio in order regardless of your current situation. You are solely responsible for any use of or action taken under your password on the Site. I look forward to networking with Scholars and joining the Members to help expand upon that impact.. 484-385-2934 (office) This goal was tragically cut short when he suddenly passed away. Paloma Partners Management Company (Paloma Partners) is a Hedge Fund Manager located in Greenwich, CT United States, North America. 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 . Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). It was the dawn of the computer revolution, and Mr. Sussman became a pioneer in applying quantitative techniques to investing. 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. All rights reserved. Leadership. ProPublica. Paloma Partners is a private equity company based in Greenwich, CT and has approximately $140.6 million in assets under management. 99 Canal Center Plaza, Suite 320 divided by the total MV of the fund. 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. Sovereign Investor Leadership Conference March 2023. HedgeFundJobList.com is a hedge fund directory aimed at financial job seekers. PPMC makes no claim that the Site may be lawfully viewed or downloaded outside of the United States. You accept full responsibility for all activity conducted using your password and agree to and hereby release PPMC from any and all liability concerning such activity. He is responsible for all PPMC activities related to the Paloma Fund and also runs the Risk Management Group. We make reasonable efforts to ensure that the Site is secure but we do not guarantee the security of the Site. We may change all or any portion of the Site at any time without notice to you. Sorry, no results has been found matching your query. 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. You agree that the notice provisions provided in this User Agreement are reasonable. Neither party is authorized to act as agent or bind the other party except as expressly stated in this User Agreement. 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. Paloma Partners Management Company is based out of Greenwich. [1] The firms management and employees (most prominently Sussman himself) are large political donors who give almost exclusively to Democratic candidates and left-of-center organization. PPMC provides such links solely as a convenience to its Users. It was the dawn of the . List of hedge funds are not intended for investment purposes. This review was produced by SmartAsset based on publicly available information. Paloma Partners Management Company is a Greenwich, Connecticut-based hedge fund firm. Hedge Fund Alert first reported Hendel's move to Paloma. This filing contains information about Paloma. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. You agree not to remove any copyright, trademark or other proprietary notice or legend contained on the Site or its Content (or printed copies thereof). For more information, please visit www.horatioalger.org. 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). From Business: Incorporated in 1999, Index Funds Advisors Inc. (IFA) is a fee-only independent financial advisor registered with the United States Securities and Exchange. 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. There was an error. All investing involves risk, including loss of principal. Termination of your access to and use of the Site does not relieve you of any obligations arising or accruing prior to such termination or limit any liability that you otherwise may have to PPMC. Company profile Website www.paloma.com Employees Incorporated Delaware Location Connecticut Fiscal year end Dec 31 Industry Hedge Fund Former names Sunrise Partners Limited Partnership, Sunrise Partners Limited Partnership, Sunrise Partners LLC SEC CIK Mr. Hayt is also responsible for the management of PPMC. The foregoing license has been granted to you subject to your agreement to abide by this User Agreement as well as any other rules, procedures, policies, terms or conditions governing the Site that may be displayed from time to time on the Site and to which Users will be bound. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. [14], Paloma was the single largest contributor to the 2016 presidential campaign of Hillary Clinton, with $21,613,800 donated. Contact Details Address:One American LaneGreenwich, CT 6830United States Phone/Fax:Phone: 203-862-800 Other Contact Details:Website: www.paloma.com Fund Size:Current AUM: Available No failure of either party to enforce any of its rights under this User Agreement will act as a waiver of such rights. Accessed February 14, 2020. 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. We do not endorse the opinions of, or warrant the accuracy of facts or other Content contributed by, any third party. The Association also aims to educate young people about the endless opportunities available by the free-enterprise system through commitment, honesty, and diligence. Volatility and correlation strategies: trading derivatives. 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 the MV of securities sold, whichever is less, In the last 15 years, he has donated approximately $100 million to organizations focusing on education, the arts and the environment. 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We take reasonable security precautions when using the Internet, telephone or other means to transport data or other communications, but we disclaim liability for any interception of data or communications. Additionally, ACG provides hedge fund industry research, consultation and private events. Third Party Links. About Us. No assurances can be made that any intentions, assumptions, expectations, strategies, and/or goals expressed or implied herein were or will be realized or that the activities or any performance described did or will continue at all or in the same manner as is described on this website. You may access Palomas Form ADV atInvestment Adviser Public Disclosure. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Paloma Partners Management Company's largest holding is SPDR S&P 500 ETF TRUST with shares held of 1,482,600. 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. It was the dawn of the computer revolution, and Mr. Sussman became a pioneer in applying quantitative techniques to investing. for PALOMA PARTNERS MANAGEMENT COMPANY, Top 20 equal-weighted holdings. In this article, we will discuss the 10 stocks hedge fund legend Donald Sussman is buying. [11], Throughout the 1990s, Paloma-associated political donations steadily increased from tens of thousands to hundreds of thousands of dollars. No Liability for Technological Problems. This User Agreement (including the Privacy Policy), as modified from time to time, constitutes the entire agreement between you and PPMC with respect to the subject matter hereof. In 2013, he was named to the Institutional Investor-Alpha Hedge Fund Hall of Fame. Risks in relying on the Content. [2]: This website uses cookies to improve your experience. 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 . Itmanages a total of four hedge funds that have more than $17 billion under management. They do not constitute part of this User Agreement. [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. He was the recipient of Hedge Funds Reviews Lifetime Achievement Award in 2013 and Institutional Investors Alternative Investment News Lifetime Achievement Award in 2004. No affiliation or endorsement, express or implied, is provided by their use. "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.". 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. Zoom between states and the national map to see the top spots in each region. 13F filing from PALOMA PARTNERS MANAGEMENT COMPANY, enter your Active, Closed, Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. S. Donald Sussman, Founder of Paloma Partners Hedge Fund, Is a Big Hillary Clinton Campaign Backer. Paloma Partners - Donald Sussman assets under management (13F Holdings listing stock ownership and transaction history) provided by Insider Monkey. Arbitration shall be conducted in the Borough of Manhattan, New York State. 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. Paloma Partners has boosted assets by $1.3 billion this year, defying a flight of capital from the global hedge fund industry by investors punishing poor performance. When completed, an email will be sent to the email address you specify 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. After college, Sussman worked at Titan Industrial Corporation and the New York City-based law firm, Gelberg & Abrams. No Waiver of Rights. So over the years he has. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. FILE - Trian Partners hedge fund manager Nelson Peltz is interviewed by CNBC's Sara Eisen after Procter & Gamble's annual shareholders meeting, Tuesday, Oct. 10, 2017, in Cincinnati. [5], Sussman is one of the largest personal donors to the Democratic Party. In 1981, Sussman founded Paloma Partners with $3 billion in assets. Investment Advisor All rights reserved. All Rights Reserved. Get our editors daily picks straight in your inbox! They were founded in 1989 and have 95 employees. 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). Restless as a Columbia University undergraduate, he took a leave of absence and began working for a small brokerage firm. Hendel left his job as global head of prime brokerage at Bank of America Merrill Lynch in 2014 and was replaced by Paul Simpson. Download full info for Paloma Partners in Excel format in the following lists. Irvine, CA 92612. In 2002, donations spiked to $1.2 million. Accessed February 14, 2020. This User Agreement and all terms and conditions included or incorporated by reference herein shall be governed by and interpreted in accordance with the laws of the State of New York applicable to agreements made and wholly performed therein. 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. This is not a solicitation for any investment service and we receive no compensation from any hedge funds listed. Paloma is a private equity real estate investor established in 2015 and wholly owned by its founding partners Joe Froud and Jack Pitman. 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. There is no recent news or activity for this profile. 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. 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. You are limited to the prior 8 quarters of 13F filings. Investigation and Disclosure of Information. 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. WASHINGTON, D.C. (January 18, 2023)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. Mr. Sussman joins 12other exceptional business, civic and cultural leaders from across NorthAmerica in receiving 2023 honors. to see more advanced email alert options such as selecting any type of SEC form, multiple filers or classes of filers, and much more.***. You may not assign this User Agreement or delegate any of your obligations hereunder. 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. All or any portion of the Site may not be available and may not function properly at any time. Past performance is no indication of future performance, and nothing on this Web site should be interpreted to state or imply otherwise. 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. Paloma Partners Management Company. Whale Wisdom. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. He is particularly concerned with environmentalist policy. Of the 2020 Democratic Presidential candidates, Senator Cory Booker (D-NJ) received the most in Paloma-associated contributions as of February 2020. email address below and choose 'Submit'. 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. 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. 1100 Louisiana Suite 5100 Houston,Texas 77002 713-650-8500 main 713-652-2600 fax In 1992, he joined Paloma Partners and eventually traded $400 million, the largest amount managed by any individual at the hedge fund. PPMC also reserves the right to report any activity that it suspects may violate any law or regulation to appropriate law enforcement officials, regulators, or other persons or entities. At only 15 years old, his fathers death thrust Mr. Sussman into the role of family leader. 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. Nevertheless, he eventually returned to school, frequently while still working, earning a bachelors degree and an MBA from New York University. Without limiting the foregoing or expanding any of your rights hereunder, you may not use the Site to transmit, distribute or store material (a) in violation of any applicable law or regulation, (b) in a manner that will infringe the copyright, trademark, trade secret or other intellectual property right of another or violate the privacy, publicity or other personal right of another, or (c) that is defamatory, obscene, threatening, abusive or hateful. With respect to the resolution of any such controversy, you further acknowledge that: Arbitration is final and binding on the parties. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 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 . SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. These expenses include investment sourcing fees, research fees, due diligence expenses, brokerage fees, commissions and other possible fees.Each feeder fund pays a management fee of 1.5% of assets under management (for Class A and B investors) and a performance-based of 20% of profits (for Class C and D investors).Class B and D investors also pay either 0.25% of 0.50% of the relevant capital account balance as a liquidity capital account reduction.