Davidson Kempner Capital Management

Davidson Kempner Capital Management LP (“Davidson Kempner”) is a global institutional alternative investment management firm with over $34 billion in assets under management.[4][5] Davidson Kempner is headquartered in New York City, with additional offices in London, Dublin, Hong Kong and Philadelphia.[6][7][8] The firm is led by Anthony A. Yoseloff who serves as Executive Managing Member and Chief Investment Officer.[9][10]

Davidson Kempner Capital Management LP
TypeLimited Partnership
IndustryHedge fund
FoundedMay 1983 (1983-05)
FounderMarvin H. Davidson
Headquarters520 Madison Avenue, New York, New York
with other offices in
London, England
Hong Kong
Dublin
Philadelphia[1]
Area served
Worldwide
Key people
Anthony A. Yoseloff (Executive Managing Member)
AUMUS$ 34 billion
(as of 2020)[2]
Number of employees
347 (March 2019)[3]
Websitehttps://www.davidsonkempner.com

As of September 17, 2018, Davidson Kempner was ranked as the 9th largest hedge fund in the world.[11]

Davidson Kempner has approximately 347 employees in the firm’s five offices.[3] The firm is headquartered at 520 Madison Avenue in New York, New York.[4][12]

Investment strategies

Davidson Kempner uses a fundamental analysis, bottom-up approach to make its investments.[13][14] The firm focuses on five investment strategies: merger arbitrage, distressed investments, long/short equity, convertible bonds arbitrage and long/short credit, with a particular focus on distressed investments and merger arbitrage.[4][15]

History

Davidson Kempner was founded in May 1983 by Marvin H. Davidson and was initially named M.H. Davidson & Co.[13] Thomas L. Kempner, Jr. joined the firm in December 1984 and was promoted to partner in 1986 and appointed to executive managing member in January 2004.[16] The firm opened to outside capital in 1987 and was registered as an investment adviser with the Securities and Exchange Commission in 1990.[12][17] Anthony A. Yoseloff joined in August 1999 and became a managing member in January 2004. Yoseloff became co-deputy executive managing member in January 2012, the sole deputy executive managing member in January 2013 and co-executive managing member with Kempner as of January 1, 2018.[10] Kempner retired at the end of 2019.[18]

Management

Anthony A. Yoseloff is Executive Managing Member and Chief Investment Officer at Davidson Kempner Capital Management and manages the firm’s distressed investments department.[19] He received a J.D. from Columbia Law School and an M.B.A. from the Columbia Graduate School of Business Administration in 1999. He earned an A.B., cum laude, from the Woodrow Wilson School of Public and International Affairs at Princeton University in 1996. Mr. Yoseloff serves on the Board of Trustees of Princeton University, The New York Public Library and Leadership Enterprise for a Diverse America. Mr. Yoseloff serves on the investment committee of The New York Public Library and is a member of the Board of Directors of PRINCO, the investment manager of the Princeton University endowment.[20][21][19][22][23]

References
  1. "Davidson Kempner Ireland Designated Activity Company". Vision-net. May 12, 2017.
  2. "Davidson Kempner Capital Management Review". SmartAsset. 30 August 2019.
  3. "FORM ADV Davidson Kemner Capital Management". U.S. Securities and Exchange Commission. March 29, 2019.
  4. Peter Lattman (23 April 2019). "Davidson Kempner Co-Founder Plans to Retire From Hedge Fund". Bloomberg L.P.
  5. Sam Jones (August 7, 2013). "Hedge funds profit from return of M&A". Financial Times.
  6. "Investment Adviser Search Results". SEC.gov. Retrieved February 11, 2014.
  7. "Proposed Additional Investments" (PDF). NJ.gov. Retrieved February 20, 2014.
  8. "Shareholding Disclosures". HKExnews. Retrieved February 19, 2014.
  9. "Thomas Lenox Kempner Jr". Bloomberg L.P. April 22, 2018.
  10. "Anthony Yoseloff". Crunchbase. Retrieved April 22, 2018.
  11. "The largest managers of hedge funds". Pensions & Investments. September 17, 2018.
  12. "Company Overview of Davidson Kempner Capital Management LLC People". Bloomberg BusinessWeek. Retrieved February 20, 2014.
  13. "Proposed Additional Investments" (PDF). NJ.gov. Retrieved February 20, 2014.
  14. "Company Overview of Davidson Kempner Capital Management LLC Snapshot". Bloomberg BusinessWeek. Retrieved February 20, 2014.
  15. "Arizona PSPRS Trust" (PDF). Public Safety Personnel Retirement System of Arizona. October 2010. Archived from the original (PDF) on 2014-03-08. Retrieved 2014-02-21.
  16. "Top 100 Hedge Funds up 17%, Power past $550B Mark". HedgeTracker.com. June 18, 2012.
  17. "Davidson Kempner offers event-driven strategy". Hedge Fund Intelligence. May 29, 2007.
  18. "Davidson Kempner Co-Founder Plans to Retire From Hedge Fund". Bloomberg L.P. 23 April 2019.
  19. "Board of Directors". Princo Careers. Retrieved April 28, 2018.
  20. "Davidson Kempner Special Opportunities Fund LP". SEC.gov. August 30, 2013.
  21. "Anthony Yoseloff Deputy Executive Managing Member, Davidson Kempner Capital Management LP". DonorsChoose. Retrieved February 15, 2014.
  22. "Judge Robert Katzmann and Anthony Yoseloff Named to the New York Public Library's Board of Trustees". New York Public Library. November 18, 2016.
  23. "The New York Public Library Appoints Geetanjali Gupta as Chief Investment Officer". New York Public Library. January 9, 2018.
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