Values

We believe in the fundamentals. In the details.
In doing things right, acting ethically and professionally and building from the ground up.

Our Business Principles
& Core Values

We are an independent global investment management firm committed to excellence in all that we do – our research and investments, service to investors, and operation of our business.

Our highest priority
is the best interests of our investors.

Our economic interests are aligned with that of our investors. Our partners, managing directors, principals and employees, as a group, are substantial investors in each of our funds.

We hold ourselves to the highest ethical standards of professional and personal conduct.

We have a strong commitment to compliance that is part of the ethos of the Firm.

We value diversity. Diversity in thought, background and experience drives better outcomes.

We believe in teamwork based on mutual respect.

We are opportunistic and entrepreneurial investors with a disciplined investment process driven by in-depth research and rigorous risk management.

Our Firm rewards people based on merit. The strength and resilience of our people differentiate us and are our greatest assets.

We are dedicated to maintaining an inclusive culture that values every person and fosters equity, empowerment and opportunity.

Our commitment to ESG.

Davidson Kempner is a signatory to the United Nations-supported Principles for Responsible Investment (PRI) and is committed to considering environmental, social and governance (ESG) issues in its investment process where appropriate.

Our commitment to Diversity, Equity and Inclusion.

At Davidson Kempner, our people are our greatest asset. We are dedicated to upholding an inclusive culture
that values diversity, fosters belonging and promotes equality of access and opportunity.

We believe that diversity in thought, background and experience drives better investment outcomes.
Diversity, Equity and Inclusion (DE&I) is a stated commitment of our goals
and are embedded in the Firm’s cultural, business and strategic priorities.

Our DE&I Partners include:

#10,000 Black Interns

#10,000 Black Interns is a UK-based program that aims to transform prospects for young Black students and set them up for career success by providing training and development opportunities through paid internships and creating a sustainable cycle of mentorship and sponsorship for the Black community.

All Stars Project

All Stars Project is a leadership training program in both the US and the UK which focuses on promoting personal and professional development for disadvantaged and/or inner-city youth through performance-based workshops and paid summer internships.

Expanding Equity by W. K. Kellogg Foundation

W.K. Kellogg Foundation’s program aims to advance racial equity by providing companies with tools, knowledge and a human-centered approach to cultivate workplaces that attract, develop, retain and promote diverse talent.

Girls Who Invest

Girls Who Invest is a U.S. non-profit organization focused on transforming the investment management industry by increasing the number of women in portfolio management and executive leadership.

LEDA

Leadership Enterprise for a Diverse America (LEDA) is a U.S. nonprofit organization dedicated to diversifying the national leadership pipeline by helping high-achieving students from under-resourced backgrounds gain admission to the nation's most selective colleges and supporting their success at these institutions.

SEO Alternative Investments

SEO’s Alternative Investments Fellowship Program (AIFP) educates, mentors and provides networking opportunities for investment banking analysts that are traditionally underrepresented in the alternatives industry.

Year Up

Year Up is a U.S. non-profit organization that enables young adults to move from minimum wage to meaningful careers in one year by providing skills, experience and support to empower them to reach full potential through corporate internships.

Disclaimer

Important Disclosures
The information on this website (the "Website") is for informational purposes only. The information on the Website is not intended to be, and you should not consider anything on the Website to be, investment, accounting, tax, or legal advice, nor is it a recommendation to enter into any transaction with Davidson Kempner Capital Management LP ("DKCM") or its affiliates (collectively, "Davidson Kempner," "we," or "us"). Nothing on the Website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any transaction or investment strategy. Davidson Kempner does not give any advice or make any representations through the Website as to whether any transaction is suitable to you or will be profitable. Material listed on the Website also is not and should not be construed as an offer to sell, or the solicitation of an offer to buy, any securities in any vehicle or product managed or sponsored by Davidson Kempner.

DKCM or an affiliate has been registered as an investment adviser with the U.S. Securities and Exchange Commission (the "SEC") since 1990. Since that date, all U.S. Firm affiliates under common control have operated on the basis of being registered and will continue to do so. The required Form ADV that DKCM files with the SEC contains extensive disclosure regarding all Davidson Kempner investment management entities. Registration with the SEC or with any state securities authority does not imply a certain level of skill or training.

Certain information contained on the Website reflects a summary of Davidson Kempner's investment strategies, and it does not contain all material terms pertinent to a financial or investment decision, including important disclosures of risks potentially associated with an investment with Davidson Kempner. We may make changes to these and other aspects of our strategies and business plan in our discretion, and you should contact us if you wish to obtain additional information.

The investment strategies described on the Website do not represent an exhaustive list of the strategies we offer. Nothing on the Website shall be deemed to limit the investment strategies or investment opportunities that we and our clients may pursue. The investment strategies described herein are suitable only for certain financially sophisticated investors who meet certain eligibility requirements, have no need for immediate liquidity in their investment, and can bear the risk of an investment for an extended period of time.

Investment losses may occur, and investors could lose some or all of their investment. No guarantee or representation is made that Davidson Kemper's investment programs, including, without limitation, its investment objectives, diversification strategies, or risk monitoring goals, will be successful, and results may vary substantially over time. Nothing herein is intended to imply that Davidson Kempner's investment methodology may be considered "conservative," "safe," "risk free" or "risk averse." Economic, market and other conditions could also cause us to alter our products, services, guidelines, and restrictions.

This Website may contain information that constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual experiences and results may differ materially from those reflected or contemplated in such forward- looking statements and no undue reliance should be placed on these forward-looking statements, nor should the inclusion of these statements be regarded as our representation that we or any other party will achieve any strategy, objectives or other plans. We shall have no duty to, and may not undertake to, update or correct any such forward-looking statements. Persons who access this Website are encouraged to contact our representatives to discuss the procedures and methodologies used to make projections, targets, forecasts and estimates and other information provided herein.

THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY, OR INVESTMENT STYLE IS NOT INDICATIVE OF NOR A GUARANTEE OF FUTURE PERFORMANCE.

Assets under management are not an indication of a strategy's performance.

Certain information presented herein is confidential and may not be disclosed by you except with the prior consent of Davidson Kempner. Unauthorized reproduction, distribution, transmission, display or publishing of all or any part of this material or the information contained herein in any form is strictly prohibited.

Unless otherwise indicated, the information contained in this Website is current as of the date of the most recent update to this Website. We make reasonable efforts to provide accurate information, but we assume no duty to update or correct any information for any reason, including new information, results or subsequent events. We may change all or any portion of the Website at any time without notice to you. We do not endorse the opinions of, or warrant the accuracy of facts or other information contributed by, any third party. You agree that we are not liable for any action you take or decision you make in reliance on any information.

The extraordinary market dislocation caused by Covid-19 has had (and is expected to continue to have) a significant effect on markets generally and some asset classes in particular. The short-term and long-term impact of Covid-19 on the operations of Davidson Kempner and its clients is difficult to predict. These potential impacts, while uncertain, could have a material adverse effect on Davidson Kempner and its clients. Further information is available upon request.

The use of the Website information in certain jurisdictions may be restricted by law. The information on this Website is not directed at, and is not intended for, any person in any jurisdiction if it would be contrary to applicable laws or regulations in that jurisdiction for such a person to receive such information.

Terms of use

Please read the following terms and conditions ("Terms of Use") before using this website (the “Website”). Your access to the Website is conditioned on these Terms of Use, which you are hereby deemed to have accepted. Davidson Kempner Capital Management LP (together with its affiliates, “DKCM,” “we,” “our,” or “us”) operates the Website solely for providing general business information to potential employees, customers, service providers and other interested parties.

The Website and all of its content, including but not limited to all text, graphics, charts, audio, logos, images, data compilations, icons, code and software ("Content"), are the property of DKCM and are protected by U.S. and international copyright laws, with all rights reserved unless otherwise noted. All trademarks, service marks, trade names and other product and service names and logos displayed on the Website are our property, including all of our registered and unregistered trademarks and service marks. If the Website includes any trademarks, service marks, trade names or logos of any third parties, such items are the proprietary marks and names of their respective owners, and are protected by applicable trademark and intellectual property laws. Your use of any Content, whether owned by us or any third party, without our express written permission, is strictly prohibited except as otherwise expressly permitted in these Terms of Use. Without limiting the foregoing, you are prohibited from using any of our copyrighted material or trademarks for any purpose, including, but not limited to, use as metatags, links or otherwise on any website, without our prior written permission.

You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or otherwise distribute or sell any information or Content, except as otherwise provided herein. You may not link other websites to the Website without our prior written permission. You may not violate or attempt to violate the security of the Website. You may not decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of the Website. You may download, scan, and print copies of any accessible portion of the Website for your own personal use. You may discuss information you learn from the Website with your financial, legal or tax advisors, and others with whom you share financial and investment decisions. You may not remove any copyright, trademark, or other proprietary notice or legend contained on (or printed from) the Website.

Without limiting the foregoing, you are prohibited from using the Website to advertise or perform any commercial solicitation. You also are prohibited from using any robot, spider, scraper or other automated means to access the Website for any purpose without our prior written permission. You may not take any action that imposes, or may impose, in our sole discretion, an unreasonable or disproportionately large load on our infrastructure, interfere or attempt to interfere with the proper working of the Website or any activities conducted on the Website, or bypass any measures that we may use to prevent or restrict access to the Website. We reserve any rights not expressly granted herein.

If we provide you with a password, you must keep your password and certain Content confidential. You are solely responsible for maintaining the confidentiality and security of your password. You accept full responsibility for any use of your password. You must notify us immediately of any actual or suspected loss, theft, or unauthorized use of your password. You may not disclose any Content that is contained within the password protected portion of the Website to any third party, except to your financial, legal, or tax advisors, and others with whom you share investment decisions. We are not obligated to inquire as to the authority or propriety of any use of or action taken under your password. We will not be responsible for any loss to you that arises from such use or action or from your failure to comply with these provisions.

As a condition to your use of the Website, you represent and warrant to, and agree with, DKCM that you will not use the Website for any purpose that is unlawful or prohibited by these Terms of Use.

There are various risks you assume in relying on the Content. Content speaks only as of the date of the most recent update to this Website, and you acknowledge that the provision of access to the Website shall not under any circumstances create an implication that the Website is correct as of any subsequent date. We make reasonable efforts to provide accurate Content, but we assume no duty to update or correct any information for any reason, including new information, results or subsequent events. We may change all or any portion of the Website at any time without notice to you. We do not endorse the opinions of or warrant the accuracy of facts or other Content contributed by any third party. You agree we are not liable for any action you take or decision you make in reliance on any Content.

Notwithstanding anything herein to the contrary, each person accessing this Website (and each of the employees, representatives or other agents of such recipient) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of (i) investment products managed by DKCM and its affiliates and (ii) any transactions, and all materials of any kind (including opinions or other tax analysis) that are provided to each recipient relating to such tax treatment and tax structure, it being understood that "tax treatment" and "tax structure" do not include the identifying information of (i) any investment products or (ii) the parties to a transaction.

The use of the information in certain jurisdictions may be restricted by law. The Information on this Website is not directed at, and is not intended for, any person in any jurisdiction if it would be contrary to applicable laws or regulations in that jurisdiction for such a person to receive such information. The products mentioned on this Website may not be eligible for sale in some states or countries or suitable for all types of investors. Prospective investors should inform themselves as to the legal requirements and tax consequences of any investments or transactions discussed on the Website within the countries of their citizenship, residence, domicile and place of business. This material is for informational purposes only and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment.

THE CONTENT PUBLISHED ON THE WEBSITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. DUE TO VARIOUS FACTORS, INCLUDING THE INHERENT POSSIBILITY OF HUMAN AND MECHANICAL ERROR, THE ACCURACY, COMPLETENESS, TIMELINESS AND CORRECT SEQUENCING OF THE CONTENT AND THE RESULTS OBTAINED FROM THEIR USE ARE NOT GUARANTEED BY DKCM OR ANY PERSONS CREATING OR TRANSMITTING SUCH INFORMATION. YOU AGREE THAT WE ARE NOT LIABLE FOR ANY ACTION YOU TAKE OR DECISION YOU MAKE IN RELIANCE ON ANY INFORMATION OR CONTENT.

WE, OR OUR RESPECTIVE SERVICE PROVIDERS AS THE CASE MAY BE, MAY MAKE IMPROVEMENTS OR CHANGES IN THE CONTENT AND OPERATION OF THE WEBSITE AT ANY TIME WITHOUT NOTICE. THE WEBSITE MAY BE TEMPORARILY UNAVAILABLE, OR MAY NOT FUNCTION PROPERLY AT ANY TIME DUE TO REQUIRED MAINTENANCE, TELECOMMUNICATIONS INTERRUPTIONS OR OTHER REASONS.

WE AND/OR OUR SERVICE PROVIDERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, CONTENT OR THE WEBSITE FOR ANY PURPOSE. THE INFORMATION, CONTENT AND WEBSITE ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. WE AND/OR OUR RESPECTIVE SERVICE PROVIDERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THE INFORMATION, CONTENT AND WEBSITE, INCLUDING ALL IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT AND AVAILABILITY. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. IF YOU ACCESS ANY THIRD PARTY WEBSITE THROUGH THE WEBSITE OR OTHERWISE, YOU DO SO AT YOUR OWN RISK. LINKS TO OR FROM THE WEBSITE DO NOT CONSTITUTE THIRD PARTY ENDORSEMENT OF, SPONSORSHIP BY OR AFFILIATION WITH DKCM OR ANY OF ITS AFFILIATES.

YOUR USE OF THE WEBSITE IS AT YOUR OWN RISK. YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM, LOSS OF DATA OR ANY OTHER DAMAGE OR LOSS THAT RESULTS FROM THE DOWNLOAD OF ANY CONTENT FROM THE WEBSITE. IN NO EVENT SHALL WE AND/OR OUR SERVICE PROVIDERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR RELATING TO THE USE OF OR ACCESS TO THE INFORMATION, CONTENT OR WEBSITE OR WITH THE DELAY OR INABILITY TO USE THE INFORMATION, CONTENT OR WEBSITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF DKCM OR ANY OF ITS SERVICE PROVIDERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

WE AND ANY PERSON CREATING OR TRANSMITTING THE INFORMATION ON THE WEBSITE SHALL NOT BE LIABLE FOR ANY INFECTION BY VIRUSES OF OR DAMAGE TO ANY COMPUTER THAT RESULTS FROM YOUR USE OF, ACCESS TO OR DOWNLOADING OF SUCH INFORMATION. IF YOU ARE DISSATISFIED WITH THE INFORMATION, CONTENT OR THE WEBSITE OR WITH THE TERMS AND CONDITIONS OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF AND ACCESS TO THE WEBSITE.

You will indemnify and defend DKCM, and its respective principals, directors, officers, employees or agents and any of their respective affiliates (collectively, the “Indemnified Persons”) against and hold each Indemnified Person harmless from any and all liabilities, obligations, losses, damages, costs, expenses, claims, penalties, lawsuits, proceedings, actions, judgments, disbursements of any kind or nature whatsoever, interest, fines, settlements and reasonable attorneys’ fees and expenses that the Indemnified Persons may incur, suffer, sustain or become subject to arising out of, relating to, or due to (i) your use of the Website, or (ii) your breach of these Terms of Use, or any representation, warranty, or covenant made by you in these Terms of Use.

We may modify or terminate the Website and/or terminate your access to the Website, without notice at any time and for any reason.

Unless otherwise specified, DKCM controls and operates the Website from the State of New York, United States of America. We do not claim that materials in the Website are appropriate or available for use in locations other than the State of New York. If you choose to access the Website from other locations, you do so on your own initiative, and you are responsible for compliance with any applicable local laws.

These Terms of Use are governed by the laws of the State of New York, without regard to its choice of law provisions. Use of the Website is unauthorized in any jurisdiction that does not give effect to all provisions of these terms and conditions, including without limitation this paragraph.

We may, at our discretion, change, modify, add/or remove portions of these Terms of Use at any time without notice to you. We suggest that you check these Terms of Use periodically for changes. You will be bound by revised versions of these Terms of Use that are posted on the Website, which will become effective immediately when posted. Your use of the Website indicates your full acceptance of these Terms of Use in its entirety every time you use the Website. If you use the Website after we post changes to these Terms of Use, you accept the changed Terms of Use. We expressly reserve the right (but are under no obligation) to monitor any and/or record all use of the Website. We may report any activity we suspect may violate any law or regulation to regulators, law enforcement officials, or other persons or entities that we deem appropriate.

You agree that no joint venture, partnership, employment or agency relationship exists between you and us as a result of these Terms of Use or use of the Website.

Our performance of these Terms of Use is subject to existing laws and legal process, and nothing in these Terms of Use is in derogation of our right to comply with law enforcement requests or requirements relating to your use of the Website or information provided to or gathered by DKCM with respect to such use.

If any part of these Terms of Use is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision shall be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of these Terms of Use shall continue in effect.

By reviewing or using the Content after accessing the Website, you represent and warrant that (a) you have the authority to enter into these Terms of Use and create a binding contractual obligation, (b) you understand and intend these Terms of Use to be the legal equivalent of a signed, written contract equally binding, and (c) you will use the Content in a manner consistent with applicable laws and regulations in accordance with these Terms of Use, as we may amend them online or otherwise from time to time. A printed version of these Terms of Use and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based on or relating to these Terms of Use to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

These Terms of Use constitute the entire agreement between you and DKCM with respect to the Website and they supersede all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and DKCM with respect to the Website.

You agree to be bound by any agreement or consent you transmit to or through the Website via any media or electronic device, including internet, telephone and wireless devices.