1. Selwyn Donald Sussman was born on June 8,1946 and is an American billionaire hedge fund manager who is the founder and chief investment officer of the Paloma Funds.
30 Facts About Donald Sussman
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Donald Sussman was born to a Jewish family in June 1946, the son of Beatrice and William Donald Sussman.
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Donald Sussman was raised in Miami, Florida and attended high school at Windsor Mountain School, a boarding school in Lenox, Massachusetts.
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In 1981, Donald Sussman founded Paloma Partners, a Greenwich, Connecticut-based hedge fund with mostly institutional clients.
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Paloma's culture was risk-averse, and Donald Sussman sought to insulate the funds from market volatility.
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In 2012, Donald Sussman invested approximately $3.3 million in MaineToday Media through Maine Values LLC to provide the Maine newspaper company with much-needed working capital.
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In 2015, Donald Sussman sold MaineToday to Reade Brower, a Maine printer and newspaper owner.
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In 1997, Donald Sussman donated $1 million to Blue Hill Memorial Hospital to construct an outpatient building.
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In 2010, after the 2010 Haiti earthquake, Donald Sussman donated the use of his private jet to transport medical supplies to Port-au-Prince, Haiti.
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In 2010, Donald Sussman donated funds to the Penobscot East Resource Center, an organization promoting sustainable fisheries in Maine, to build the group a new facility in Stonington, Maine.
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Donald Sussman gave $12 million to Skidmore College, a private liberal arts college in Saratoga Springs, New York, as part of a larger $200 million effort to build co-ed student housing; the newly redeveloped student housing opened in 2013.
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In 2013, Donald Sussman donated $1 million to Pen Bay Healthcare to help complete its new Hospice House, construction of which had already begun on the northern edge of the 64-acre Pen Bay Medical Center campus in Rockport.
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Donald Sussman has been a benefactor of the Weizmann Institute, an Israeli research center; he funded the Weizmann Institute's Donald Sussman Family Building for Environmental Services.
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In 2010, Donald Sussman contributed $1 million to the University of the Virgin Islands, for a new science center.
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In May 2021 Donald Sussman donated an additional $6 million towards the establishment of the medical school.
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Donald Sussman helped raise funds in support of the political candidacies of Bill and Hillary Clinton beginning in the 1990s.
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Donald Sussman raised funds for the Al Gore 2000 presidential campaign and Connecticut US Senators Chris Dodd and Joe Lieberman.
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In 2016, Donald Sussman donated $40 million to Democratic super PACs and aligned groups, including $21 million to the Priorities USA Action super PAC supporting the presidential candidacy of Democratic nominee Hillary Clinton.
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Donald Sussman was previously a major contributor to the Maine Democratic Party and to its arms raising money for state House and state Senate campaigns.
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Donald Sussman has served as a member of the board of trustees of Carnegie Hall, Skidmore College, the University of the Virgin Islands, and the Portland Museum of Art.
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Donald Sussman serves as co-chair of Carnegie Hall's Investment Committee, and chair of Skidmore College's investment committee.
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Donald Sussman has served as a board member for the Center for American Progress, the Democracy Alliance, and the Foundation for Maine's Community Colleges.
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Donald Sussman has served as a member of the MIT Sloan School's Finance Group Advisory Board; deputy chairman of the board of governors of the Weizmann Institute; and honorary trustee of the Ethical Culture Fieldston School.
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In 1981, Sussman married Laurie M Tisch, daughter of billionaire philanthropist Joan Tisch and Preston Robert Tisch, the 68th United States Postmaster General and former co-owner of the New York Giants.
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In 1994, Donald Sussman purchased a home in Deer Isle, Maine.
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In 2008, Donald Sussman purchased Turner Farm, a historic farm located on the island of North Haven, Maine, 12 miles off shore in Penobscot Bay.
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In 2011, Donald Sussman was remarried to Chellie Pingree, a Democratic US representative from Maine, in a private ceremony on Turner Farm.
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In 2019, Donald Sussman designed the first Eagle Class 53, a rigid-wing, sail-powered and hydro-foiled catamaran; he worked with Fast Forward Composites to build the cruiser.
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Donald Sussman was inspired to create this new cruiser while watching the America's Cup.
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Donald Sussman has received honorary degrees from the Weizmann Institute of Science in Rehovot, and the Maine College of Art.