Paloma Partners’ veteran CIO Donald Sussman is pivoting the firm’s multistrategy hedge fund to focus on fewer managers where conviction is highest, amid a decline in assets over the past three years. The move suggests a risk-management and positioning shift rather than an immediate catalyst, with limited expected impact beyond Paloma and its investor base.
Paloma Partners’ veteran CIO Donald Sussman is pivoting the firm’s multistrategy hedge fund to focus on fewer managers where conviction is highest, amid a decline in assets over the past three years. The move suggests a risk-management and positioning shift rather than an immediate catalyst, with limited expected impact beyond Paloma and its investor base.
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