"Now, with former Goldman Sachs partner and Credit Suisse executive Ravi Singh installed as CEO and longtime WorldQuant executive Mike DeAddio as COO, the $1.5 billion firm believes it can reestablish its reputation in the industry as a destination for top investors thanks to talent-friendly terms and rebuilt infrastructure. "It's been a hell of a year," said Singh in a recent interview at the firm's midtown Manhattan offices."
"Paloma is looking to fundraise and diversify further beyond its systematic trading roots.Among the firm's latest investments are Avicene Asset Management, a long-short equity fund launching in early 2026 from Moiz Khan, a former investor within Citadel's Surveyor unit, and Jay Kaplan, an internal portfolio manager focused on IPOs. Singh said Paloma is "agnostic" about whether portfolio managers would run money internally on Paloma's platform or externally at their own firms."
The last 18 months represent a second reinvention for Paloma Partners after leadership turnover beginning in May 2023 when Neil Chriss was hired and departed within a year amid significant redemptions. New leadership now includes CEO Ravi Singh and COO Mike DeAddio, and the firm seeks to reestablish its reputation as a destination for top investors through talent-friendly terms and rebuilt infrastructure. Through mid-December, Paloma returned roughly 9% in 2025 after gains of 2.5% in 2024. The firm plans to fundraise and diversify beyond systematic trading, backing managers such as Avicene Asset Management and offering flexibility on whether managers run money internally or externally.
Read at Business Insider
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