Davidson Kempner Capital Management LP (often known by the short form Davidson Kempner) is a global institutional alternative investment management firm with over $36 billion in assets under management.[5][6] Davidson Kempner is headquartered in New York City, with additional offices in London, Hong Kong, Dublin, Philadelphia, Shenzhen and Mumbai.[7][8][9] The firm is led by Anthony A. Yoseloff who serves as Executive Managing Member and Chief Investment Officer.[10]
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.jpg) Headquarters in the Solow Building | |
| Company type | Private |
|---|---|
| Industry | Investment management firm |
| Founded | May 1983 |
| Founder | Marvin H. Davidson |
| Headquarters | 520 Madison Avenue, New York, New York[1][2] |
Area served | Worldwide |
Key people | Anthony A. Yoseloff (Executive Managing Member) |
| AUM | US$36 billion (2023)[3] |
Number of employees | 500 (March 2023)[4] |
| Website | davidsonkempner.com |
As of June 30, 2022, Davidson Kempner was ranked as the 8th largest hedge fund in the world.[11]
Davidson Kempner has approximately 500 employees in the firm’s seven offices.[4] The firm is headquartered at 520 Madison Avenue in New York, New York.[5][12]
History
editDavidson 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.[14] The firm opened to outside capital in 1987 and was registered as an investment adviser with the U.S. Securities and Exchange Commission in 1990.[12][15] Michael J. Leffell joined in 1988 and became Deputy Executive Managing Member, where he co-managed the Distressed Securities investment strategy for 20 years.[16]
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.[citation needed] Kempner retired at the end of 2019.[17]
Investment strategies
editDavidson Kempner employs a bottom-up, fundamental method of investing with an event driven focus and a multi-strategy approach.[13][18]
The firm invests globally in a variety of credit and equity strategies as well as real assets.
Management
editAnthony A. Yoseloff is Executive Managing Member and Chief Investment Officer at Davidson Kempner Capital Management.[19][20] Yoseloff serves on the Board of Trustees of Princeton University 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 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.[19][21][22]
The firm has 13 managing members.[23]
References
edit- ^ "Davidson Kempner Ireland Designated Activity Company". Vision-net. May 12, 2017.
- ^ "No-Drama Hedge Fund Davidson Kempner Closes In on $40 Billion". Bloomberg. April 20, 2020.
- ^ "Davidson Kempner Capital Management Review". SmartAsset. 30 August 2019.
- ^ a b "FORM ADV Davidson Kemner Capital Management" (PDF). U.S. Securities and Exchange Commission. March 31, 2022.
- ^ a b Peter Lattman (23 April 2019). "Davidson Kempner Co-Founder Plans to Retire From Hedge Fund". Bloomberg L.P.
- ^ Sam Jones (August 7, 2013). "Hedge funds profit from return of M&A". Financial Times.
- ^ "Investment Adviser Search Results". SEC.gov. Retrieved February 11, 2014.
- ^ "Proposed Additional Investments" (PDF). NJ.gov. Retrieved February 20, 2014.
- ^ "Shareholding Disclosures". HKExnews. Retrieved February 19, 2014.
- ^ "Thomas Lenox Kempner Jr". Bloomberg L.P. April 22, 2018.
- ^ "The largest managers of hedge funds". Pensions & Investments. September 20, 2021.
- ^ a b "Company Overview of Davidson Kempner Capital Management LLC People". Bloomberg BusinessWeek. Archived from the original on February 21, 2014. Retrieved February 20, 2014.
- ^ a b "Proposed Additional Investments" (PDF). NJ.gov. Retrieved February 20, 2014.
- ^ "Top 100 Hedge Funds up 17%, Power past $550B Mark". HedgeTracker.com. June 18, 2012.
- ^ "Davidson Kempner offers event-driven strategy". Hedge Fund Intelligence. May 29, 2007.
- ^ "Michael J. Leffell". JINSA.org. February 12, 2024.
- ^ "Davidson Kempner Co-Founder Plans to Retire From Hedge Fund". Bloomberg L.P. 23 April 2019.
- ^ "Company Overview of Davidson Kempner Capital Management LLC Snapshot". Bloomberg BusinessWeek. Archived from the original on February 18, 2011. Retrieved February 20, 2014.
- ^ a b "Board of Directors". Princo Careers. Retrieved April 28, 2018.
- ^ Burton, Katherine (April 20, 2022), No-Drama Hedge Fund Davidson Kempner Closes In on $40 Billion, Bloomberg
- ^ "Judge Robert Katzmann and Anthony Yoseloff Named to the New York Public Library's Board of Trustees". New York Public Library. November 18, 2016.
- ^ "The New York Public Library Appoints Geetanjali Gupta as Chief Investment Officer". New York Public Library. January 9, 2018.
- ^ "Team: Davidson Kempner". davidsonkempner.com. Retrieved 15 April 2022.