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Paloma Partners overhauls multi-strategy hedge fund platform
The firm is cutting the number of portfolio-management teams it backs by about half as it refocuses on fewer, high-conviction trading strategies.
Hedgeweek reports that Paloma Partners, led by veteran hedge fund manager Donald Sussman, is rolling out a major overhaul of its multi-strategy platform.
According to the report, the change involves backing a smaller set of high-conviction trading strategies, with the number of portfolio management teams the firm supports reduced by roughly half.
The restructuring reflects Paloma Partners' renewed focus on a narrower group of strategies, including an emphasis on arbitrage, as described by the outlet citing Bloomberg.