Michael DeAddio, COO – Paloma Partners (EP.79)
About this episode
Michael DeAddio discusses the evolution of hedge fund operations and the unique model of Paloma Partners.
Mike DeAddio is the Chief Operating Officer of Paloma Partners, the multi-manager platform founded by Donald Sussman in 1981 — one of the original seeders of firms like D.E. Shaw, Elliott, Canyon, and Caxton. Mike takes us through a technical career that spans across Bell Labs, JPMorgan, Citadel and, Silver Point before bringing that entire playbook to Paloma. We dig into what it takes to build institutional-grade hedge fund infrastructure today versus a decade ago and how Paloma completed a full technology refresh. All while keeping the plane in the air. From there, we get into the model that makes Paloma different: flexible operational infrastructure and tailored to each manager’s style and goals — minimizing operational burden so they can focus on alpha generation — and a commitment to their long-term success, whether that means growing within the platform or eventually going out on their own. For anyone running or building operations at a hedge fund or multi-manager platform — this one’s a masterclass on the operational lift when trying to launch a hedge fund today. Learn MoreFollow Capital Allocators at @tseides…
More episodes of Investment Management Operations
- Andrew Dorle, Director of Investment Ops – GHR Foundation (EP.80)
- Glen Shields, CEO – GP Fund Solutions (EP.78)
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