The 2023 awardees exemplify the Association's mission and are proof that the American Dream is within reach for all who seek it.". General Provisions. 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. President & Chief Risk Officer. 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. Headings. With respect to the resolution of any such controversy, you further acknowledge that: Arbitration is final and binding on the parties. Paloma is a multi-strategy hedge fund that has a historical focus on quantitative and relative value strategies. Top Organization Contributors. Open Secrets. 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. Hedge Fund Alert first reported Hendel's move to Paloma. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Paloma Partners lifts out credit hedge team from Pine River Capital Christine Williamson Print Michael O'Connell and his three-person investment team have joined hedge fund manager Paloma. It was the dawn of the computer revolution, and Mr. Sussman became a pioneer in applying quantitative techniques to investing. Performance 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. Accessed February 14, 2020. Entire Agreement. Accessed February 14, 2020. For more information about Horatio Alger Association and its Member Class of 2023, please visitwww.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. He is particularly concerned with environmentalist policy. 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. Of the 2020 Democratic Presidential candidates, Senator Cory Booker (D-NJ) received the most in Paloma-associated contributions as of February 2020. "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. Mr. Hayt joined PPMC in 2002 and became Chief Risk Officer in 2004. As of the first quarter of 2020, Sussman is the single largest donor in the country (excluding self-funding political candidates), having given almost $865,000 exclusively to Democratic candidates. Paloma Partners LLC is a holding company that provides security brokerage, investment, and management consultancy services. 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. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Restless as a Columbia University undergraduate, he took a leave of absence and began working for a small brokerage firm. For example, Scott Shleifer of Tiger Global Management kicked in $167,000 while Mark Gallogly of Centerbridge Partners anted up $66,800. He was named President of PPMC in December 2007. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. In 1992, he joined Paloma Partners and eventually traded $400 million, the largest amount managed by any individual at the hedge fund. 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.. Lois Peltz. 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 So over the years he has. [15], In 2018, Paloma was the hedge fund associated with the largest amount of political contributions, surpassing Soros Fund Management, the hedge fund of billionaire Democratic donor, George Soros. This is not a solicitation for any investment service and we receive no compensation from any hedge funds listed. [2]: Dozens of other hedge fund and private equity operators gave lesser amounts to the Hillary Victory Fund. The search for talent is a core part of our operating model. 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. Hendel left his job as global head of prime brokerage at Bank of America Merrill Lynch in 2014 and was replaced by Paul Simpson. List of hedge funds are not intended for investment purposes. This goal was tragically cut short when he suddenly passed away. He has even served on the boards of liberal organizations like the Center for American Progress and the Democracy Alliance. Get our editors daily picks straight in your inbox! No Advice, Offers or Solicitations. PPMC has the right, but not the obligation, to monitor any activity and Content associated with the Site. Our approach leverages the team's expertise in convertible and other hybrid securities. Currently, there are no asset-based or performance based fees at Paloma. 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. Paloma Partners. Open Secrets. SEC form, multiple filers or classes of filers, and much more.***. Sovereign Investor Leadership Conference March 2023. 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). He is responsible for all PPMC activities related to the Paloma Fund and also runs the Risk Management Group. All Rights Reserved. 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. and an MBA from New York University as well as an Honorary Doctorate from the Weizmann Institute of Science and Maine College of Art. 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. [19][20]. Itmanages a total of four hedge funds that have more than $17 billion under management. 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. Paloma Partners - Private Equity Company Info Description:Paloma Partners is a private equity company based in Greenwich, CT and has approximately $140.6 million in assets under management. No Liability for Technological Problems. Paloma Partners specializes in hedge fund investment, trading, dynamic capital allocation and risk management services. Paloma Partners Management Company Review -- SmartAsset | SmartAsset.com Want to learn more about the hedge funds Paloma Partners Management Company manages? You may print copies of any accessible portion of the Site only for your own personal use. 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. 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 . Mr. Sussman was named to the Institutional Investor-Alpha Hedge Fund Hall of Fame in 2013. Mr. Sussman was born into humble beginnings to a father who saved money his entire life with a goal of funding his childrens education. 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. 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 . This User Agreement will be binding on and will inure to the benefit of the legal representatives, successors and assigns of the parties hereto. In addition, the information on this page does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities or other financial products. Investment Advisor Leadership. ProPublica. [3] Contents The search for talent is a core part of our operating model and we welcome. The largest recipients have been the House Majority PAC and Senate Majority PAC, both of which received $4 million. USERS SHOULD CONSULT WITH, AND SEEK PROFESSIONAL ADVICE FROM, THEIR OWN ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES AND NEEDS. 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. 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. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. We are always eager to speak with accomplished and innovative investment professionals who exhibit a strong respect for capital and risk management. Activist strategies: investing with the purpose of influencing the management of a company. Houston Office. You may access Palomas Form ADV atInvestment Adviser Public Disclosure. This website uses cookies to improve your experience. 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 2013, he was named to the Institutional Investor-Alpha Hedge Fund Hall of Fame. In 1981, Sussman founded Paloma Partners with $3 billion in assets. Instead, most of the expenses are passed-through and paid by the feeder funds and investors. Mr. Sussman joins 12other exceptional business, civic and cultural leaders from across NorthAmerica in receiving 2023 honors. 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. You agree to review this User Agreement periodically so that you are aware of any modifications. Paloma Partners primarily utilizes a multi strategy strategy. Board of Trustees. Carnegie Hall. No Waiver of Rights. Average Retirement Savings: How Do You Compare? 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 agree to indemnify, defend and hold harmless PPMC and its affiliates from and against any and all suits, losses, claims, demands, liabilities, damages, costs and expenses (including reasonable attorneys' fees) arising from or relating to (a) your use of the Site; (b) your breach of this User Agreement or any representation, warranty or covenant made by you herein; or (c) your violation of any applicable law, statute, ordinance, regulation or any third party's rights. We'll assume you're ok with this, but you can opt-out if you wish. I look forward to networking with Scholars and joining the Members to help expand upon that impact.". BY CLICKING "I AGREE" AT THE END OF THIS USER AGREEMENT, YOU ARE AGREEING THAT YOU HAVE READ, UNDERSTAND AND ACCEPT THE TERMS AND CONDITIONS CONTAINED HEREIN, WILL ABIDE BY THIS USER AGREEMENT IN ITS THEN CURRENT FORM AND ARE LEGALLY BOUND BY THIS USER AGREEMENT. Accessed February 14, 2020. A financial advisor can help you get your portfolio in order regardless of your current situation. Since 1984, the Association has awarded annual need-based scholarships to high school students who have displayed dedication to pursuing higher education despite significant obstacles throughout their lives. They were founded in 1989 and have 95 employees. View contacts for Paloma Partners to access new leads and connect with decision-makers. The New Investment Superstars: 13 Great Investors and their Strategies for Superior Returns. John Wiley & Sons. This filing contains information about Paloma. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. "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.". 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 . Access to the materials may not be legal by certain persons or in certain countries. You agree that the notice provisions provided in this User Agreement are reasonable. It was the dawn of. Any purported assignment of this User Agreement in violation of its terms shall be void. Long/short strategies: using both long and short positions in securities, indices, ETFs or baskets of securities. 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. and a top 10 holdings concentration of 44.34%. Mr. Sussman is an Honorary Trustee and former Co-Chair of the Investment Committee of Carnegie Hall. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Accessed February 14, 2020. The 10 Most Powerful Hedge Fund Managers this Year. Worth. Paloma Partners Management Company (Paloma Partners) is a Hedge Fund Manager located in Greenwich, CT United States, North America. Paloma Partners Management Company's largest holding is SPDR S&P 500 ETF TRUST with shares held of 1,482,600. Street price further acknowledge that: Arbitration is final and binding on the parties you the access and to... 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