S. Donald Sussman founded the Paloma Funds in 1981. The firm’s multi-strategy hedge funds employ various quantitative, relative value and computerized statistical arbitrage strategies.
According to Teri Buhl, the Paloma’s main fund was up 20% in 2009 and has had an average annualized return since inception of over 20%. In her Greenwich Time article, Ms. Buhl also reported that Sussman's fund has incubated several hedge fund trading legends, “such as David Shaw of D.E. Shaw; Dan Arbess, who runs Perella Weinberg's Xerion Fund; Bruce Kover of Caxton Associates; Richard Perry of Perry Capital; and Dan Och of Och-Ziff.”
S. Donald Sussman, the billionaire husband of Congresswoman Chellie Pingree (D-Maine) gave hedge fund D.E. Shaw its start with $28 million. D.E. Shaw is the longtime half owner of First Wind, the wind developer running roughshod over the ridges and mountains of Maine in its endless pursuit of taxpayer funded subsidies, stimulus grants and government mandated support from ratepayers. Sussman is also the owner of Maine Today Media, owner of the largest newspapers in the state such as the Maine Sunday Telegram, Portland Press Herald, Kennebec Journal and Morning Sentinel.
The screenshot below references the $28 million amount.
Separately, from the Maine Center for Public Interest Reporting:
And let's not forget that Congresswoman Pingree helped Angus King (now US Senator) get a $102... DOE loan guarantee for his wind project. The criteria for getting the $102 million loan guarantee was having breakthrough technology. Many believe this wind project did not meet that criterion. The Senator's son heads up mergers & acquisitions for First Wind.