Sussman Sends Private Plane to Help Dying Kansas Man

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR