Davidson Kempner Capital Management

Davidson Kempner’s Managing Partner and Chief Investment Officer, Tony Yoseloff, recently reflected on how the investment backdrop has evolved since 2020. Tony now sees a reversal of the previous environment, allowing investors to be much more selective in how they achieve returns.?

In honor of Women’s History Month, Women@DK, one of the Firm’s employee resource groups, hosted a fireside chat with Royal Army Corps veteran and double Olympic gold medalist Dame Kelly Holmes, moderated by Miriam Ceribelli. During this insightful conversation, Dame Kelly shared powerful lessons on resilience, leadership and self-advocacy. She highlighted how these qualities, along with strong allyship, can drive performance in the workplace.? We are grateful for the opportunity to learn from and be inspired by Dame Kelly’s journey.??

At Davidson Kempner, we’re always happy to see great talent return! Wayne Tsang rejoined our Convertible Arbitrage team in 2021, drawn by our culture of innovation, discipline and meritocracy. ? With a keen focus on the emerging and evolving opportunities across Asia, Wayne is passionate about developing market-specific strategies that drive growth and differentiation.?

Our Managing Partner & Chief Investment Officer, Tony Yoseloff, recently sat down at iConnections Global Alts Miami with Josh Friedman, Co-Founder, Co-Chairman & Co-Chief Executive Officer at Canyon Partners, LLC, and Jeff Assaf, Chief Investment Officer at ICG Advisors, LLC, to discuss credit investing.? ? Here are four insights from Tony’s discussion: ? There is a potential resurgence of absolute return strategies in the current environment of higher-for-longer rates and global economic uncertainty. ? Opportunities in asset-backed lending require a bespoke approach. ? We believe that direct corporate lending has become commoditized and is now a competitor to the syndicated loan market. ? Scale matters.?Investment firms need scale to remain relevant.??

Happy Lunar New Year from Davidson Kempner! We welcomed the Year of the Snake with a traditional Lion Dance performance by a talented student group. ? At Davidson Kempner, we are grateful to celebrate traditions that bring us together. Wishing everyone a joyful, healthy and prosperous Lunar New Year!

We are proud to announce key promotions within our Merger Arbitrage and Long/Short Equity teams.?? ?? Zach Altschuler has been promoted to Global Head of Merger Arbitrage, while Michael Chiaramonte has been named Deputy Head of Merger Arbitrage. ? ?? We are also pleased to announce Vince Ortiz and Matt Dolente as Global Co-Heads of Long/Short Equity. ? ? Please join us in congratulating these exceptional colleagues! Their investment leadership and dedication will be instrumental in advancing Davidson Kempner’s continued success. ?

We are pleased to announce that Conor Bastable, Patrick Dennis and Chris Krishanthan will serve as Co-Heads of Global Credit for our Hedge Fund business. Conor, Patrick and Chris have each played an important role in shaping our Global Credit strategy and are respected mentors within their own businesses and across the Firm. Learn more about their respective areas of oversight and expertise here: https://lnkd.in/eCgpqdwq

The current environment of higher rates, inflation and deglobalization has resulted in elevated idiosyncratic risk and, in turn, an improved opportunity set for absolute return strategies.? ?? In our latest white paper, we examine the performance of #AbsoluteReturn strategies across different rate environments. Since 1990, absolute return strategies generated on average 52% higher excess returns above the three-month U.S. Treasury bill during periods of higher interest rates. We believe the current environment has become more supportive for absolute return and, in particular, event-driven strategies. Read Davidson Kempner’s latest white paper here: https://lnkd.in/eUdsEyUD

We’re looking forward to attending iConnections Global Alts Miami next week.?Managing Partner & Chief Investment Officer Tony Yoseloff will be participating in the discussion “The Future of Credit Investing: A Leadership Perspective.”?Be sure to stop by the session to hear Tony’s remarks if you are in Miami. Several members of our team, including Eric Epstein, Melanie Levine, James Li, Jason Mersey and Ryan Flanders will be at the event. Reach out to [email protected] to arrange a meeting.?

We are pleased to announce the appointment of Conor Bastable to Deputy Chief Investment Officer at Davidson Kempner. Conor has played an integral role in the development of our Global Credit business, and we look forward to his continued leadership.