Selwyn Donald Sussman[1][2] (born June 8, 1946) is an American asset manager and philanthropist who is the founder and chief investment officer of the Paloma Funds.

Sussman has served on the boards of a number of civic, cultural, educational, and research institutions and is a major contributor to Democratic candidates and causes.

[12] Sussman pioneered the approach of minimizing risk by "dividing assets among independent investment professionals and demanding absolute transparency of their holdings.

[12] Among Paloma's traders was Nicholas Maounis, who later formed Amaranth Advisors, to which Sussman provided seed money.

[13] Paloma's middle and back-office operations were acquired by JPMorgan Worldwide Securities Services in February 2006 for an undisclosed sum.

[14][15] Following the sale to JPMorgan, Sussman has acted as a serial investor and backer of new hedge funds such as Nassim Nicholas Taleb's Empirica Capital and David Shaw's D.E.

Rhodium Capital, based in London, is a long-short European credit fund founded by Ifftikhar Ali and Jeffrey Tirman.

[citation needed] The investment, originally made as a loan, was restructured as a purchase of equity and resulted in Maine Values owning 75% of MaineToday Media.

[28][29] 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 (renamed "Sussman Village") opened in 2013.

[37] Sussman helped raise funds in support of the political candidacies of Bill and Hillary Clinton beginning in the 1990s.

[41] Sussman has served as a member of the board of trustees of Carnegie Hall,[42] Skidmore College (until 2012),[43][44] the University of the Virgin Islands,[35] and the Portland Museum of Art.

[44] He has also served as a board member for the Center for American Progress, the Democracy Alliance, and the Foundation for Maine's Community Colleges.

[40] In 2019, 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.