Multistrat Hedge Fund Paloma to Cut Teams in Latest Pivot

Donald 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...

By Nishant Kumar · Bloomberg Markets

Donald 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.