Davidson Kempner Capital Management LP (often known by the short form Davidson Kempner) is a global institutional

alternative investment An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any Asset classes, asset class excluding capital stocks, Bond (finance), bonds, and cash. The term is a relatively loose ...

management firm with over $36 billion in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

. Davidson Kempner is headquartered in New York City, with additional offices in London, Hong Kong, Dublin, Philadelphia, Shenzhen and Mumbai. The firm is led by Anthony A. Yoseloff who serves as Executive Managing Member and Chief Investment Officer. As of June 30, 2022, Davidson Kempner was ranked as the 8th largest

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

in the world. Davidson Kempner has approximately 500 employees in the firm’s seven offices. The firm is headquartered at 520 Madison Avenue in New York, New York.

History

Davidson Kempner was founded in May 1983 by Marvin H. Davidson and was initially named M.H. Davidson & Co. 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. The firm opened to outside capital in 1987 and was registered as an investment adviser with the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

in 1990. Michael J. Leffell joined in 1988 and became Deputy Executive Managing Member, where he co-managed the Distressed Securities investment strategy for 20 years. 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, and co-executive managing member with Kempner as of January 1, 2018. Kempner retired at the end of 2019.

Investment strategies

Davidson Kempner employs a bottom-up, fundamental method of investing with an event driven focus and a multi-strategy approach. The firm invests globally in a variety of credit and equity strategies as well as real assets.

Management

Anthony A. Yoseloff is Executive Managing Member and Chief Investment Officer at Davidson Kempner Capital Management. Yoseloff serves on the Board of Trustees of

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

and is a member of the Board of Directors of PRINCO, the investment manager of the Princeton University endowment. Yoseloff also serves as a member of the Board of Trustees and on the investment committee of The

New York Public Library The New York Public Library (NYPL) is a public library system in New York City. With nearly 53 million items and 92 locations, the New York Public Library is the second-largest public library in the United States behind the Library of Congress a ...

as well as a member of the Board of Trustees and Vice Chair of the investment committee at New York-Presbyterian. He is a member of the Council on Foreign Relations. The firm has 13 managing members.

References

External links

Davidson Kempner Capital Management corporate website
{{DEFAULTSORT:Davidson Kempner Capital Management Financial services companies established in 1983 Hedge fund firms in New York City Alternative investment management companies Institutional investors Privately held companies of the United States