Tony Yoseloff – Forty Years of Davidson Kempner (Capital Allocators, EP.313)

<p><span style="color: #333333;">Tony Yoseloff is the Managing Partner of Davidson Kempner Capital Management, a forty-year-old, $40 billion multi-strategy hedge fund that specializes in opportunistic credit and event-driven investing. Tony joined DK twenty-five years ago out of business school and became its third Managing Partner in 2019. He also sits on the investment committees of Princeton University, Columbia-Presbyterian Hospital, and New York Public Library.<br /> Our conversation covers the early days of Davidson Kempner, growth over the last quarter century, team, investment philosophy, investment strategy, risk management, and ownership. We discuss Tony’s experience on investment committees, the role of opportunistic credit in institutional portfolios, and the future of Davidson Kempner over the next forty years.<br /> <br /> <strong>Show Notes:</strong><br /> 03:38    Tony's background<br /> 09:06    Davidson Kempner's investment DNA<br /> 11:43    Milestones and growth of the business<br /> 16:55    International expansion<br /> 21:01    Medium duration investing<br /> 25:53    Evaluating and adopting new strategies<br /> 28:38    Structure of team<br /> 32:48    Management philosophy<br /> 34:51    Idea generation<br /> 41:02    Risk management<br /> 45:42    Importance of private partnership<br /> 47:53    Successful leadership transition<br /> 49:59    Experience on investment committees<br /> 53:23    Opportunistic credit in institutional portfolios<br /> 55:56    Davidson Kempner's next 40 years<br /> 59:08    Closing questions</span></p> <p> </p> <p> </p> <p><strong>Learn More</strong> </p> <p>Follow Ted on Twitter at <a href= "https://twitter.com/tseides?lang=en">@tseides</a> or <a href="https://www.linkedin.com/in/tedseides/">LinkedIn</a> </p> <p>Subscribe to the <a href= "https://capitalallocators.com/">mailing list</a> </p> <p>Access Transcript with <a href= "https://capitalallocators.com/signup">Premium Membership</a> </p>