S. Donald Sussman Award

The S. Donald Sussman Award is presented to individuals or groups who best exemplify Donald Sussman’s career as a successful investor in quantitative investment strategies and models.

The Award is named after S. Donald Sussman. Sussman has worked in alternative investments for more than 30 years and manages funds that focus on both quantitative and fundamental strategies. He is the founder of Trust Asset Management, the Paloma Funds, and New China Capital Management LLC. He was the recipient of Institutional Investor’s Alternative Investment News Lifetime Achievement Award in 2004. Sussman is a member of the Board of Trustees and Executive Committee, and co-chair of the Investment Committee of Carnegie Hall. He attended Columbia College and received a B.S. and an MBA from New York University.

S. Donald Sussman Lecturers receive a $100,000 cash prize and share their insights on quantitative finance and the financial industry through three public lectures to be delivered at MIT Sloan during the year of the award.

At the event honoring the establishment of the Award, MIT Sloan Dean David Schmittlein noted that the award is an “important resource for recognizing excellence in finance at MIT and very broadly in the world.”

In May 2012, the inaugural S. Donald Sussman Award was presented to Dr. Robert Litterman, chairman of risk management at Kepos Capital. Litterman was selected for his outstanding analytic contributions to the financial services industry.