Davidson Kempner Capital Management (DKCM) manages private investment funds for institutions and high-net-worth individuals. DKCM uses various strategies, including global credit, risk arbitrage, long/short equity, and convertible arbitrage. DKCM's investment decisions align with the objectives outlined in each fund's governing documents. DKCM also offers sub-advisory services through separately managed accounts.
Fee Structure
DKCM manages investments for private funds. Management fees are charged as a percentage of assets or capital, ranging from 1% to 1.5% annually for multi-strategy and distressed funds, 0.5% to 0.75% for special opportunities funds, and 1.15% to 1.5% for income funds. DKCM also charges performance-based compensation. Fees for separately managed accounts are negotiated.