Don Sussman and When Market-Neutral Isn't
Editor's note: This story, originally posted Oct. 22, has been reposted to remove an erroneous characterization of the relationship between Paloma Partners and Shadwell Partners LP. For details please see a letter from a Shadwell representative and our corrections and clarifications page.
Paloma Partners, the private investment firm run by reclusive S. Donald Sussman, revealed Oct. 22 that its hedge funds lost "between 2% and 25%" of their value this year through Sept. 30.
The hedge fund, whose assets under management are said to be around $4 billion, sent out a statement disputing rumors it was hit by even bigger losses, and dismissed as "utterly ridiculous" rumors it was a big seller amid the Oct. 20 stock-market selloff. ...
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