$1.1 billion Paloma Partners is cutting staff, including its strategy and marketing execs, following a business revamp

""After doubling our manager roster and completing a full overhaul of our investment infrastructure over the past year, streamlining the organization is the natural next step toward a leaner, more efficient platform for our investors.""

""Among the departing employees are chief strategy officer Kristin Cohen, chief marketing officer Louis Molinari, and deputy chief compliance officer Anjali Kamat, the people said.""

""Paloma has 110 employees, including 22 investment teams, according to a person familiar with the firm.""

""The firm was down 2.9% through March in 2026, according to an HSBC investor report, but had clawed back to 0.1% in positive territory through mid-April.""

Paloma Partners is reducing its workforce by nearly a dozen employees, including its chief strategy and marketing officers. This decision follows a comprehensive overhaul of the multistrategy hedge fund, which included leadership changes and a technology rebuild. The firm, founded by Donald Sussman, has seen a decline in assets due to redemption requests and now manages approximately $1.1 billion. A spokesperson stated that streamlining the organization is essential for creating a more efficient platform for investors.

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