PAAMCO Founders fight over equity stake claims

Mon Oct 5, 2009

PAAMCO Founders, which represents 95% of the ownership of the $8.5 billion institutional fund of hedge funds business, is hoping to prevent one of its early lenders, backed by Donald Sussman of Paloma Partners, from taking a 40% membership interest in the group.

In early 2000, PAAMCO Founders - Jane Buchan, James Berens, William Knight and Judith Posnikoff - approached Sussman, principal of Franklin Realty, about securing an investment in which to launch their business.

ISSN: 2151-1845 / CDC10004H


The full contents of this article are available to active InvestHedge subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to InvestHedge.


Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI