Tuesday, 21 October 2014
Last updated 4 hours ago
Nov 19 2010 | 11:26am ET
The man at the center of the Pacific Alternative Assets Management Co. controversy has a philanthropic side, according to the Portland Press Herald: S. Donald Sussman lent his private jet to a dying Kansas man so he could be near his young sons in Maine.
According to the paper, Sussman heard a radio story about 28-year-old Anthony Napoleone while in Maine in early October. Napoleone, who is dying of an incurable staph infection in a Kansas hospital, wanted to spend time with his sons who live with their mother in Maine.
The investment manager sent his private jet to fly Napoleone and his mother to Maine, where both are now living with a relative.
Sussman, a founder of the multi-billion dollar hedge fund firm Paloma Partners, was an early seeder of the woman-owned Pacific Alternative Assets Management Co. A federal court judge recently ruled that Sussman’s initial $2 million investment entitles him to 40% membership in the firm—but that Sussman may have structured his investment to allow PAAMCo to claim it was woman-owned.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...