Donald Sussman, the veteran founder of Paloma Partners, is shifting the multistrategy hedge fund's strategy to concentrate on a smaller number of high-conviction managers. This change comes in response to a decline in the firm's assets under management over the past three years. The pivot reflects the fund's adaptation to changing market conditions and investor sentiment.
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Fund's asset decline indicates economic pressures
Donald Sussman is a veteran in the hedge fund industry.
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Donald Sussman is a veteran in the hedge fund industry.
OpinionDonald Sussman, the veteran behind Paloma Partners, is pivoting his long-standing multistrategy hedge fund to focus on fewer managers in which he has the highest conviction as the firm adjusts to a decline in assets over the past three years.
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Donald Sussman is a veteran in the hedge fund industry.
OpinionDonald Sussman is pivoting Paloma Partners' multistrategy hedge fund to focus on fewer managers.
BloombergThe pivot is part of an adjustment to a decline in assets over the past three years.
BloombergPaloma Partners has experienced a decline in assets over the past three years.
Bloomberg