Donald Sussman

{{Short description|American asset manager (born 1946)}}

{{Infobox person

| name = Donald Sussman

| image = Donald Sussman.jpg

| alt = Picture of Donald Sussman

| birth_name = Selwyn Donald Sussman

| birth_date = {{birth date and age|1946|6|8}}

| birth_place = Miami, Florida, U.S.

| death_date =

| death_place =

| spouse = {{ubl|{{marriage|Laurie Tisch|1981|1992|end=div}}|{{marriage|Chellie Pingree|2011|2016|end=div}}}}

| education = Columbia University
New York University (BS, MBA)

| children = 2

}}

Selwyn Donald Sussman{{cite web|url=http://bangordailynews.com/2014/10/31/politics/the-top-10-maine-campaign-donors-in-this-years-elections-include-stephen-king-sussman-pingree/|title=The top 10 Maine campaign donors in this year's elections include Sussman, Pingree, Stephen King|work=The Bangor Daily News|date=31 October 2014|accessdate=11 May 2016}}{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=7701189&privcapId=35273880|title=Selwyn Donald Sussman|publisher=Bloomberg.com|accessdate=11 May 2016}} (born June 8, 1946) is an American billionaire hedge fund manager who is the founder and chief investment officer of the Paloma Funds.{{cite news |last1=Man |first1=Anthony |title=Two billionaires got involved in Broward County elections. Why did one win and the other lose? |url=https://www.sun-sentinel.com/2020/08/21/two-billionaires-got-involved-in-broward-county-elections-why-did-one-win-and-the-other-lose/ |access-date=27 March 2025 |work=Sun Sentinel |publisher=Sun Sentinel |date=21 August 2020}} Sussman has served on the boards of a number of organizations and is a major contributor to Democratic candidates and causes.{{cite web | url=https://www.mainepublic.org/politics/2018-08-25/irs-filings-show-progressive-heavy-hitters-bankrolling-maine-pac-seeking-to-influence-2018-races | title=IRS Filings Show Progressive Heavy-Hitters Bankrolling Maine PAC Seeking to Influence 2018 Races | date=26 August 2018 }}

Early life and education

Sussman was born to a Jewish family[http://www.timesofisrael.com/jewish-donors-filling-candidates-war-chests-especially-clintons/ Times of Israel: "Jewish donors fill candidates’ war chests, especially Clinton’s" By Eric Cortellessa] October 25, 2016 in June{{cite web|url=http://www.onlinesentinel.com/news/MaineToday-Media-announces-new-capitalization.html?pagenum=full |title=Wealthy financier invests in Maine papers|newspaper=The Morning Sentinel|location=Waterville, Maine|date=2012-02-11 |accessdate=2013-06-07}} 1946, the son of Beatrice (née Zimmerman) and William Sussman.[https://www.nytimes.com/1981/03/15/style/sd-sussman-weds-miss-tisch.html New York Times: "S.D. Sussman Weds Miss Tisch"] March 15, 1981 His father was a real estate developer. He was raised in Miami, Florida{{cite web|url=http://www.pressherald.com/news/man-in-middle-of-pingree-dust-up-seen-as-generous-and-unassuming_2010-09-29.html |title=Man in middle of Pingree dust-up seen as generous and unassuming|newspaper=The Portland Press Herald / Maine Sunday Telegram |date=29 September 2010|accessdate=2013-06-07}} and attended high school at Windsor Mountain School, a boarding school in Lenox, Massachusetts. He then attended Columbia College before continuing on to New York University, from which he earned B.S. and M.B.A. degrees.{{cite web|url=https://www.propublica.org/people/s-donald-sussman|title=People: S. Donald Sussman|author=ProPublica|access-date=2020-03-24|archive-date=2020-03-24|archive-url=https://web.archive.org/web/20200324234257/https://www.propublica.org/people/s-donald-sussman|url-status=dead}}

Career

Sussman's career in finance began in 1958, when, at the age of 12, he made a sixfold return on a $300 investment in the stock of Michigan Sugar, by correctly predicting that the Cuban Revolution would disrupt sugar supplies and drive up the price of sugar commodities.{{citation |url= |title=Hedged bets. (Paloma Partners, hedge fund) |publisher=|date=1989-10-23 |accessdate=}}{{cite web|url=http://www.risk.net/hedge-funds-review/feature/2279392/paloma-s-sussman-forecasts-growth-for-hedge-fund-industry |title=Paloma's Sussman forecasts growth for hedge fund industry |date=26 July 2013 |publisher=Risk.net |accessdate=2013-09-28}} After school, he served as vice president and chief financial officer of the Titan Industrial Corporation, a privately held trading firm,{{cite book|author=Lois Peltz|date=2001|publisher=John Wiley & Sons|url=https://books.google.com/books?id=Yj0LIWZocugC&pg=PA247|title=The New Investment Superstars: 13 Great Investors and Their Strategies for Superior Returns|pages=247–48|isbn=9780471403135}} and then managed money for the partners of a New York law firm, Gelberg & Abrams.

In 1981, Sussman founded Paloma Partners, a Greenwich, Connecticut-based hedge fund with mostly institutional clients.{{cite book|author=Barbara T. Dreyfuss|title=Hedge Hogs: The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster|publisher=Random House|date=2013|pages=82–83, 92}} A number of affiliated funds were established for both for U.S. investors (Paloma Partners Institutional Investors, Capital Preservation Partners, and European Merger Fund) and non-U.S. investors (Paloma International Fund, Capital Preservation Partners Limited, and European Merger Fund Limited for non-U.S. persons). As a money manager, Sussman sought to keep fund strategies and management targeted rather than sprawling. Paloma's culture was risk-averse, and Sussman sought to insulate the funds from market volatility. Sussman pioneered the approach of minimizing risk by "dividing assets among independent investment professionals and demanding absolute transparency of their holdings." Paloma achieved a profit in 15 out of its first 18 years. Among Paloma's traders was Nicholas Maounis, who later formed Amaranth Advisors, to which Sussman provided seed money.{{cite book|author=Barbara T. Dreyfuss|title=Hedge Hogs: The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster|publisher=Random House|date=2013|pages=84, 92}}

Paloma's middle and back-office operations were acquired by JPMorgan Worldwide Securities Services in February 2006 for an undisclosed sum.{{cite press release|url=https://www.businesswire.com/news/home/20060213005200/en/JPMorgan-Worldwide-Securities-Services-Acquire-Palomas-Middle|title=JPMorgan Worldwide Securities Services to Acquire Paloma's Middle and Back Office Operations |publisher=J.P. Morgan|date=February 13, 2006}}[http://jewishbusinessnews.com/2013/12/02/donald-sussman-donates-1-million-towards-the-cost-of-completing-the-pen-bay-hospice-center/ Donald Sussman Donates $1 Million Towards the Cost of Completing the Pen Bay Hospice Center], Jewish Business News (December 2, 2013).

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. Shaw & Co.{{cite web|url=http://www.hedgefundletters.com/category/d-e-shaw/ |title=D.E. Shaw & Company – Hedge Fund Letters |publisher=Hedgefundletters.com |accessdate=2013-06-07}}{{cite web|last=Lubove |first=Seth |url=https://www.bloomberg.com/news/2011-10-06/black-swan-money-manager-returning-23-anticipating-bear-market.html |title=Black Swan Manager Returning 23% Anticipating Bear Market |publisher=Bloomberg |accessdate=2013-06-07}} In 2009, Paloma Partners backed LMR Partners.{{Cite news |date=2016-03-18 |title=Hedge fund Paloma to take in new cash, eyes quant trading |language=en |work=Reuters |url=https://www.reuters.com/article/us-hedgefunds-paloma-idUSKCN0WK203 |access-date=2023-09-02}} In 2013, Paloma Partners agreed to back Rhodium Capital Advisors, LLC. Rhodium Capital, based in London, is a long-short European credit fund founded by Ifftikhar Ali and Jeffrey Tirman.{{cite web|url=http://www.institutionalinvestorsalpha.com/Article/3296329/S-Donald-Sussmans-Paloma-Partners-Backs-New-Fund.html|title=S. Donald Sussman's Paloma Partners Backs New Fund|work=institutionalinvestorsalpha.com}}

In addition to the Paloma funds, Sussman is the founder of Trust Asset Management and New China Capital Management LLC.[https://mitsloan.mit.edu/faculty/academic-groups/finance/s-donald-sussman-fellowship-award The S. Donald Sussman Award], MIT Sloan School of Management.

In 2012, Sussman invested approximately $3.3 million in MaineToday Media through Maine Values LLC to provide the Maine newspaper company with much-needed working capital. MaineToday Media is the owner of the Kennebec Journal, the Morning Sentinel, the Coastal Journal, the Portland Press Herald and several digital media properties.{{cn|date=August 2021}} The investment, originally made as a loan, was restructured as a purchase of equity and resulted in Maine Values owning 75% of MaineToday Media.{{cite web|url=http://bangordailynews.com/2012/02/10/business/chellie-pingrees-husband-gives-boost-to-mainetoday-media/?ref=inline|title=Chellie Pingree's husband gives boost to MaineToday Media|agency=The Associated Press|date=2012-02-10|newspaper=Bangor Daily News|accessdate=2013-06-07}}{{cite web|url=http://bangordailynews.com/2012/03/27/business/sussman-owned-group-acquires-75-percent-share-of-mainetoday-media/?ref=relatedBox|title=Sussman-owned group acquires 75 percent share of MaineToday Media|last=Wickenheiser|first=Matt|date=2012-03-27|newspaper=Bangor Daily News|accessdate=2013-06-07}} In 2015, Sussman sold MaineToday to Reade Brower, a Maine printer and newspaper owner.{{Cite web|url=http://bangordailynews.com/2015/04/28/business/press-herald-papers-purchased-by-midcoast-businessman-reade-brower/|title=Press Herald papers purchased by midcoast businessman Reade Brower|last=Fishell|first=Darren|work=The Bangor Daily News|date=28 April 2015|accessdate=2015-05-24}}{{Cite web|author=Casey Kelly|url=https://www.cjr.org/united_states_project/reade-brower-maine.php|title=The man behind Maine's unparalleled consolidation of local news|website=Columbia Journalism Review|language=en|date=September 6, 2018}}

Financial donations

In 1997, Sussman donated $1 million to Blue Hill Memorial Hospital to construct an outpatient building.{{cite web|url=https://pqasb.pqarchiver.com/bangor/access/19261920.html?dids=19261920:19261920&FMT=ABS&FMTS=ABS:FT&type=current&date=Oct+18%2C+1997&author=&pub=Bangor+Daily+News&desc=Blue+Hill+hospital+gets+%241+million+gift&pqatl=google |title=Blue Hill hospital gets $1 million gift |publisher=Pqasb.pqarchiver.com |date=1997-10-18 |accessdate=2013-09-28}}{{dead link|date=July 2024|bot=medic}}{{cbignore|bot=medic}} The building was later named “Sussman Medical Office Center".

In 2010, after the 2010 Haiti earthquake, Sussman donated the use of his private jet to transport medical supplies to Port-au-Prince, Haiti.{{Cite web |url=http://www.stjohntradewindsnews.com/archives/TW_01.25.10_Edition.pdf |title=Sussman Donates Plane for Haiti Relief Effort |access-date=2013-06-07 |archive-url=https://web.archive.org/web/20131002110039/http://www.stjohntradewindsnews.com/archives/TW_01.25.10_Edition.pdf |archive-date=2013-10-02 |url-status=dead }} Also in 2010, the same aircraft was used to transport a dying man back to Maine.{{cite web|url=http://www.pressherald.com/news/sussmans-private-jet-flew-dying-mainer-home_2010-11-17.html?pagenum=full |title=Bill Nemitz: Plane truth is that Donald Sussman's private jet flew dying Mainer home|newspaper=The Portland Press Herald/Maine Sunday Telegram|date=2010-11-17 |accessdate=2013-09-28}} In 2010, Sussman donated funds to the Penobscot East Resource Center (PERC), an organization promoting sustainable fisheries in Maine, to build the group a new facility in Stonington, Maine.[http://www.workingwaterfrontarchives.org/2010/06/09/north-haven-resident-donates-building-to-penobscot-east-resource-center/ North Haven resident donates building to Penobscot East Resource Center], Working Waterfront Archives (June 9, 2010).[https://www.ellsworthamerican.com/news-community-announcements/penobscot-east-resource-center-has-new-home/ Penobscot East Resource Center Has New Home], Ellsworth American (June 2, 2010). 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.{{cite press release|url=http://cms.skidmore.edu/campaign/news-details.cfm?passID=1142|title=Skidmore College: News Details|publisher=Cms.skidmore.edu|url-status=dead|archive-url=https://web.archive.org/web/20100529070332/http://cms.skidmore.edu/campaign/news-details.cfm?passID=1142|archive-date=2010-05-29|accessdate=2013-06-07}}{{cite web |url=http://www.skidmorenews.com/news/sussman-village-opens-ahead-of-schedule-to-positive-reaction-1.3069058#.Ukb2Cz_IfSo |title=Sussman Village opens ahead of schedule to positive reaction|publisher=The Skidmore News |accessdate=2013-09-28 |archive-url=https://web.archive.org/web/20130929204821/http://www.skidmorenews.com/news/sussman-village-opens-ahead-of-schedule-to-positive-reaction-1.3069058#.Ukb2Cz_IfSo |archive-date=2013-09-29 |url-status=dead }}

In 2012, Sussman's friends and colleagues established the S. Donald Sussman Award at the MIT Sloan School of Management in honor of his lifelong contribution to quantitative finance. This award is presented to individuals or groups who exhibit innovation and excellence in quantitative investment strategies and models.{{cite web|url=http://mitsloan.mit.edu/finance/about/sussman-award.php|title=MIT Sloan Finance Group S. Donald Sussman Award|publisher=MIT Sloan School of Management|date=2013-04-08|accessdate=2013-09-28|archive-date=2015-10-03|archive-url=https://web.archive.org/web/20151003043844/http://mitsloan.mit.edu/finance/about/sussman-award.php|url-status=dead}}

In 2013, 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. The Hospice House was named in honor of Sussman's grandmother, Ida Sussman. Construction was completed in July 2014.{{cite web|url=http://www.penbaypilot.com/article/donald-sussman-donates-1-million-pen-bay-healthcare-hospice-house/24519|title=Donald Sussman donates $1 million for Pen Bay Healthcare Hospice House|work=PenBay Pilot|date=23 November 2013 }}{{cite web|url=http://jewishbusinessnews.com/2013/12/02/donald-sussman-donates-1-million-towards-the-cost-of-completing-the-pen-bay-hospice-center/|title=Donald Sussman Donates $1 Million Towards The Cost of Completing The Pen Bay Hospice Center|date=December 2, 2013|work=Jewish Business News}}

Sussman has been a benefactor of the Weizmann Institute, an Israeli research center; he funded the Weizmann Institute's Sussman Family Building for Environmental Services (built in 1996). In 2010, Sussman contributed $1 million to the University of the Virgin Islands, for a new science center.{{cite press release|url=https://www.uvi.edu/news/articles/2010/Spotlight_News_Show9ebd.aspx|publisher=University of the Virgin Islands|title=Trustee Sussman Donates $1 Million to UVI; Revised Tuition Remission Policy Approved|date=June 13, 2010}}

In May 2021 Donald Sussman donated an additional $6 million towards the establishment of the medical school.[https://stcroixsource.com/2021/06/08/6-million-sussman-donation-anchors-vision-for-uvi-medical-school%e2%80%af%e2%80%af/ St. Croix Source: June 8th, 2021: Six million Sussman donation anchors vision for U.V.I. Medical School.]

=Political contributions=

A liberal Democrat, Sussman is a longtime donor to Democratic candidates.{{Cite web |url=https://www.opensecrets.org/news/2019/04/generous-megadonors-of-q1-2020/ | publisher=OpenSecrets |title=The most generous megadonors of the 2020 cycle — so far|author=Karl Evers-Hillstrom|date=April 22, 2019}} Sussman helped raise funds in support of the political candidacies of Bill and Hillary Clinton beginning in the 1990s.{{cite news|author=Matea Gold|url=https://www.washingtonpost.com/news/post-politics/wp/2016/10/20/hedge-fund-manager-s-donald-sussman-gave-21-million-to-pro-clinton-super-pac-priorities-usa/|newspaper=Washington Post|date=October 20, 2016|title=Hedge-fund manager S. Donald Sussman gave $21 million to pro-Clinton super PAC Priorities USA}} Sussman also raised funds for the Al Gore 2000 presidential campaign and Connecticut U.S. Senators Chris Dodd and Joe Lieberman. In 2016, 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. The contributions made Sussman and his Paloma Partners the single largest supporter of Democrats and Clinton in the 2016 election cycle;{{cite web|url=https://www.opensecrets.org/pres16/contributors?id=N00000019|title=Top Contributors, federal election data for Hillary Clinton, 2016 cycle|website=opensecrets.org|accessdate=5 November 2018}} in the 2018 midterm elections, Sussman was the fifth-most generous individual donor, contributing $27 million to Democrats and Democratic-aligned groups. He was previously a major contributor to the Maine Democratic Party and to its arms raising money for state House and state Senate campaigns. In a 2011 interview, Sussman said that he regarded his political donations as a part of his broader philanthropy.{{cite web |url=http://www.wlbz2.com/news/article/184613/51/Donald-Sussman |title=Donald Sussman |publisher=WLBZ|date=2012-01-05 |accessdate=2013-09-28 |archive-url=https://web.archive.org/web/20140226002843/http://www.wlbz2.com/news/article/184613/51/Donald-Sussman |archive-date=2014-02-26 |url-status=dead }}

Board memberships

Sussman has served as a member of the board of trustees of Carnegie Hall, Skidmore College (until 2012),{{cite web |url=http://cms.skidmore.edu/yourvoice/sussman.cfm |title=Skidmore College: S. Donald Sussman |publisher=Skidmore College|date=2010-07-08 |accessdate=2013-09-28 |archive-url=https://web.archive.org/web/20100529015259/http://cms.skidmore.edu/yourvoice/sussman.cfm |archive-date=2010-05-29 |url-status=dead }}{{cite press release|url=https://www.skidmore.edu/news/2012/3512.php|title=Board says farewell - and thanks - to seven trustees |publisher=Skidmore College|accessdate=2013-09-28}} the University of the Virgin Islands, and the Portland Museum of Art. He serves as co-chair of Carnegie Hall's Investment Committee, and chair of Skidmore College's investment committee. 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. 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.{{Cite web|url=https://www.ecfs.org/en/who-we-are/|title=Who We Are|publisher=Ethical Culture Fieldston School|access-date=March 25, 2020}}

Personal life

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. They have two children and divorced in 1992.{{cite web|last=Gordon |first=Amanda |url=https://www.bloomberg.com/news/2012-02-06/super-bowl-scene-giants-women-tackle-football-in-tisches-owners-box.html |title=Super Bowl Scene: Giants Women Tackle Football in Tisches' Owners Box |publisher=Bloomberg |date=2012-02-06 |accessdate=2013-06-07}}

In 1994, Sussman purchased a home in Deer Isle, Maine.{{cite web|url=http://www.wlbz2.com/news/article/184613/51/Donald-Sussman|title=Donald Sussman|date=2012-01-05|publisher=wlbz2.com|url-status=dead|archive-url=https://web.archive.org/web/20140226002843/http://www.wlbz2.com/news/article/184613/51/Donald-Sussman|archive-date=2014-02-26|accessdate=2013-06-07}} In 2008, Sussman purchased Turner Farm, a historic farm located on the island of North Haven, Maine, 12 miles off shore in Penobscot Bay.{{cite web|url=http://turner-farm.com/history|title=The Turner Farm: Then and Now|publisher=Turner Farm|accessdate=2013-06-07}} The history of Turner Farm dates back to the 1780s and under Sussman's ownership, the property has been returned to a working farm producing organic products.{{cite web|url=https://www.turner-farm.com/history|title=About: History|publisher=Turner Farm|accessdate=March 25, 2020}} In addition to Turner Farm, Sussman also formerly owned an organic farm, David's Folly Farm, in Brooksville, Maine;{{cite web |author= |date=2011-03-15 |title=Donald Sussman to Deliver Opening Keynote at MANP Leadership Conference |url=https://www.nonprofitmaine.org/blog/donald-sussman-to-deliver-opening-keynote-at-manp-annual-leadership-conference/ |url-status=dead |archive-url=https://archive.today/20130615063955/http://www.maineahead.com/donald-sussman-to-deliver-opening-keynote-at-manp-leadership-conference/ |archive-date=2013-06-15 |accessdate=2013-06-07 |publisher=Maineahead.com}} he sold the farm to his former tenants in 2013.{{cite web|url=https://www.brooksvillemaine.org/bville/snp_files/D02091-Bicentennial%20Brooksville%20Breeze.pdf|title=Brooksville's David's Folly Farm Creates Community|author=Joan MacCracken|page=2|work=Brooksville Breeze|date=2017|access-date=2020-03-25|archive-date=2020-03-25|archive-url=https://web.archive.org/web/20200325151736/https://www.brooksvillemaine.org/bville/snp_files/D02091-Bicentennial%20Brooksville%20Breeze.pdf|url-status=dead}}

In 2011, Sussman was remarried to Chellie Pingree, a Democratic U.S. representative from Maine, in a private ceremony on Turner Farm.{{cite web|url=http://www.pressherald.com/news/pingree-sussman-wed_2011-06-20.html |title=Pingree, Sussman wed|newspaper=The Portland Press Herald / Maine Sunday Telegram|date=2011-06-20 |accessdate=2013-09-28}}{{Cite web |url=http://www.spurwink.org/uploads/uploaded-files/Sussman_HOTY.pdf |title=S. Donald Sussman: 2011 Spurwink Humanitarian of the Year |access-date=2013-06-07 |archive-url=https://web.archive.org/web/20151005160957/http://www.spurwink.org/uploads/uploaded-files/Sussman_HOTY.pdf |archive-date=2015-10-05 |url-status=dead }} In 2015, Pingree announced an "amicable and truly mutual decision" to end their marriage;{{cite news|title=Chellie Pingree, Donald Sussman to end their marriage|url=http://bangordailynews.com/2015/09/08/politics/chellie-pingree-donald-sussman-to-end-their-marriage/|accessdate=8 September 2015|newspaper=Bangor Daily News|date=8 September 2015}} the divorce was finalized in the summer of 2016.{{cite web|url=https://www.pressherald.com/2016/11/06/sussman-who-maine-liberals-move-on-after-megadonors-exit/|title=Maine Democrats find help elsewhere after megadonor's exit|last=Villeneuve|first=Marina|date=2016-11-06|website=Press Herald|access-date=2019-09-29}}

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.{{Cite magazine|url=https://www.yachtingworld.com/extraordinary-boats/eagle-class-53-foiling-cruiser-inspired-americas-cup-122594|title=Eagle Class 53: The foiling cruiser inspired by the America's Cup|last=World|first=Yachting|date=2019-08-06|magazine=Yachting World|language=en-US|access-date=2019-10-10}} He was inspired to create this new cruiser while watching the America's Cup. {{Cite web|url=https://www.forbes.com/sites/billspringer/2019/06/14/influencer-interview-financier-philanthropist-donald-sussman/|title=Influencer Interview: Financier/Philanthropist Donald Sussman Explains His New, Hyper Fast Wing-Sail-Powered Yacht|last=Springer|first=Bill|website=Forbes|language=en|access-date=2019-10-10}}{{Cite web|url=https://www.sail-world.com/news/215723/Tommy-Gonzalez-on-the-Eagle-Class-53-foiling-cat|title=An interview with Tommy Gonzalez about the Eagle Class 53 foiling catamaran|website=www.sail-world.com|access-date=2019-10-10}} In December 2019, the Eagle Class 53 was recognized as the Best Multihull Boat of the Year 2020 by Sailing World.{{Cite web|url=https://www.sailingworld.com/story/sailboats/boat-of-the-year-2020-eagle-class-53-best-multihull/|title=Boat of the Year 2020 Eagle Class 53: Best Multihull|website=Sailing World|date=9 December 2019|language=en|access-date=2019-12-18}}

Awards

He has received honorary degrees from the Weizmann Institute of Science in Rehovot, and the Maine College of Art. He has also received the following:

  • 2004 Alternative Investment News – Lifetime Achievement Award{{cite web |url=http://www.thefreelibrary.com/Alternative+Investment+News+Announces+Hedge+Fund+Industry+Award...-a0118593162 |title=Alternative Investment News Announces Hedge Fund Industry Award Winners; Lone Pine Capital and HFR Asset Management Snag Awards; Sussman Honored. - Free Online Library |publisher=Thefreelibrary.com |date=2004-06-25 |accessdate=2013-09-28 |archive-date=2016-03-05 |archive-url=https://web.archive.org/web/20160305081420/http://www.thefreelibrary.com/Alternative+Investment+News+Announces+Hedge+Fund+Industry+Award...-a0118593162 |url-status=dead }}
  • 2010 Spurwink Humanitarian of the year
  • 2011 Colby College - The Maine Philanthropy Award
  • 2013 Institutional Investor's Alpha Hedge Fund Hall of Fame {{cite web|url=http://www.onlinesentinel.com/news/Sussman_named_to_Hall_of_Fame_.html|title=Sussman named to Hedge Fund Hall of Fame|work=Central Maine|date=30 September 2013 }}{{cite web|url=http://www.institutionalinvestorsalpha.com/Article/3259267/Hedge-Fund-Hall-of-Fame-S-Donald-Sussman.html|title=Hedge Fund Hall of Fame - S. Donald Sussman|work=institutionalinvestorsalpha.com|access-date=2013-10-01|archive-date=2013-10-06|archive-url=https://web.archive.org/web/20131006011458/http://www.institutionalinvestorsalpha.com/Article/3259267/Hedge-Fund-Hall-of-Fame-S-Donald-Sussman.html|url-status=dead}}

References