Davidson Kempner Capital Management
Davidson Kempner Capital Management is a global investment management firm that focuses on fundamental investing with an event-driven focus and multi-strategy approach. DKCM aims to deploy capital in the best risk-adjusted investment opportunities, with main focus on risk management and preservation of capital. The firm invests globally in a variety of credit and equity strategies as well as real assets, and invests opportunistically across the capital structure in both public and private markets. DKCM specializes in distressed securities, high-yield bonds, convertible securities, and special situations, with a focus on fundamental analysis and long-term value creation.
ABOUT DKCM
DKCM has approximately $37 billion in assets under management with over 500 professionals in seven offices, including New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen, and Mumbai.
The firm invests in distressed debt and stocks that are undergoing corporate restructuring including mergers, spin-offs, liquidations, and recapitalizations.
The firm utilizes an event-driven strategy which includes merger arbitrage, long/short, and convertible arbitrage to select its securities.
The firm consists of opportunistic and entrepreneurial investors with a disciplined investment process driven by in-depth research and risk management.
DKCM INVESTMENT STRATEGIES
Corporate.
Investments resulting from events/value propositions as well as stressed, dislocated or distressed companies.
Structured Credit.
Investments may include consumer ABS, CLOs, CMBS, RMBS, SRT, auto, receivables, home improvement and consumer solar, credit card, buy now pay later, POS.
Convertible Arbitrage.
Investments that seek to extract value from the options “embedded” in convertible securities when such options appear mispriced.
Long/Short Credit.
Long and short investments primarily in performing corporate high-yield and investment-grade debt instruments.
Merger Arbitrage.
Investments in companies that are the subject of acquisition attempts, exchange offers, cash tender offers, reorganizations or restructurings.
Long/Short Equities.
Fundamental bottom-up long and short investments, primarily in public equities.
REAL ASSETS
Event-driven and relative-value investing in public and private markets in real estate subsectors.