How do investors find opportunity in complexity? Join Davidson Kempner’s Head of Research for in-depth analysis of global markets and investment considerations. In this podcast, we go beyond the headlines and market chatter to share the insights and opportunities that are driving discourse at Davidson Kempner.
Join us as we break down the numbers, analyze trends, and offer a behind-the-scenes look at how we navigate the complexities of today’s markets.
Website: www.davidsonkempner.com
LinkedIn: https://www.linkedin.com/company/davidson-kempner-capital-management
A Conversation: Opportunity in Regulatory Complexity (Suzy Gibbons, Zach Altschuler & Michael Chiaramonte)
In this episode, Suzy Gibbons, Partner and Head of Research, sits down with Zach Altschuler, Head of Merger Arbitrage, and Michael Chiaramonte, Deputy Head of Merger Arbitrage, to discuss our viewpoint that merger arbitrage is entering one of its most attractive periods since the Global Financial Crisis – with global M&A activity rebounding while regulatory review has become increasingly complex and fragmented. They explore how that regulatory complexity creates a "complexity premium" in merger arbitrage spreads, particularly for large transactions, offering what we believe to be attractive risk-adjusted returns for investors capable of conducting deep research and underwriting global processes.
The conversation dives deeper into the analysis beneath the recent white paper that Suzy, Zach and Michael co-authored, Merger Arbitrage: Opportunity in Regulatory Complexity (https://www.davidsonkempner.com/insights/merger-arbitrage-opportunity-in-regulatory-complexity).
Read the white paper here: Merger Arbitrage: Opportunity in Regulatory Complexity — Davidson Kempner (https://www.davidsonkempner.com/insights/merger-arbitrage-opportunity-in-regulatory-complexity)
DKCM Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DKCM LinkedIn: LinkedIn — Davidson Kempner (https://www.linkedin.com/company/davidson-kempner-capital-management)
17 Jul 2026
Merger Arbitrage: Opportunity in Regulatory Complexity
We believe that merger arbitrage is entering an especially attractive period. Global M&A activity is rebounding while regulatory review has become increasingly complex and fragmented, conditions that may usher in a new golden era for sophisticated investors.
In our latest white paper, Merger Arbitrage: Opportunity in Regulatory Complexity, we explore the recovery in global M&A activity following a cyclical slowdown, and why larger transactions increasingly require review across multiple antitrust, foreign investment, national security, and sector-specific regimes. The white paper also considers what this means for merger arbitrage investors evaluating global, multi-jurisdictional transactions.
Read the white paper here: Merger Arbitrage: Opportunity in Regulatory Complexity — Davidson Kempner (https://www.davidsonkempner.com/insights/merger-arbitrage-opportunity-in-regulatory-complexity)
DKCM Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DKCM LinkedIn: LinkedIn — Davidson Kempner (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjkv8yemaGNAxXVMlkFHUdZIooQFnoECAwQAQ&url=https://www.linkedin.com/company/davidson-kempner-capital-management&usg=AOvVaw2kUSvvGKDKdeEr1y2KS0uo&opi=89978449)
24 Apr 2026
A Conversation: Optimizing the Efficient Frontier (Suzy Gibbons, Tony Yoseloff)
In this episode, Suzy Gibbons, Partner and Head of Research, sits down with Tony Yoseloff, Managing Partner and Chief Investment Officer, to discuss how dislocations in private equity and direct lending – driven by higher interest rates, excessive leverage and delayed defaults – are creating what we view as a large and growing opportunity set. They explore how opportunistic credit can enhance portfolio construction while extending the “efficient frontier.”
The conversation dives deeper into the analysis beneath the recent white paper that Suzy and Tony co-authored, Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset. (https://www.davidsonkempner.com/insights/optimizing-the-efficient-frontier-opportunistic-credit-amid-a-capital-structure-reset)
Read the white paper here: Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset (https://www.davidsonkempner.com/insights/optimizing-the-efficient-frontier-opportunistic-credit-amid-a-capital-structure-reset)
DK Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DK LinkedIn: LinkedIn — Davidson Kempner (https://www.linkedin.com/company/davidson-kempner-capital-management)
15 Apr 2026
Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset
We believe we are in the early innings of a capital structure reset. Higher-for-longer rates, refinancing pressure, and aging private equity portfolios are reshaping capital needs, creating what we view as a compelling backdrop for opportunistic credit.
In our latest white paper, Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset, we explore why this backdrop may prove attractive for opportunistic credit investors across capital solutions, restructurings and special situations. The white paper also discusses how opportunistic credit strategies can offer what we believe to be attractive risk-adjusted returns for institutional portfolios with moderate-to-high public equity exposure.
Read the white paper here: Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset (https://www.davidsonkempner.com/insights/optimizing-the-efficient-frontier-opportunistic-credit-amid-a-capital-structure-reset)
DKCM Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DKCM LinkedIn: LinkedIn — Davidson Kempner (https://www.linkedin.com/company/davidson-kempner-capital-management)
10 Mar 2026
A Conversation: Rapids of Private Credit (Suzy Gibbons, Pat Dennis)
In this episode, Suzy Gibbons, Partner and Head of Research and Patrick Dennis, Co-Deputy Managing Partner, examine the increasingly commoditized nature of corporate direct lending—which we believe is characterized by tighter spreads and weaker recoveries—and contrast it with select areas of private asset-based finance. They highlight potential opportunities in U.S. second-lien residential mortgages, European SME asset-based lending, and U.S. mid-ticket equipment finance, where we believe strong collateral and structural protections may support more attractive risk-adjusted returns.
The conversation builds from the recent white paper that Suzy and Patrick co-authored, Rapids of Private Credit: Opportunities in the ‘Eddies’ of ABF.
Read the white paper here: Rapids of Private Credit: Opportunities in the Eddies of ABF (https://www.davidsonkempner.com/insights/rapids-of-private-credit-opportunities-in-the-eddies-of-abf)
DKCM Website: Home – Davidson Kempner (https://www.davidsonkempner.com/insights/rapids-of-private-credit-opportunities-in-the-eddies-of-abf)
DKCM LinkedIn: LinkedIn – Davidson Kempner (https://www.linkedin.com/company/68245/admin/dashboard/)
19 Dec 2025
Rapids of Private Credit: Opportunities in the Eddies of ABF
Triggered by the rapid expansion of direct corporate lending over the past decade, competition across the leveraged credit landscape has intensified — contributing to weaker credit documentation, compressed spreads, and declining recovery rates.
In our latest white paper, Rapids of Private Credit: Opportunities in the Eddies of ABF, we explore how certain pockets of private asset-based finance — including U.S. second-lien residential mortgage lending, European SME asset-based lending, and U.S. mid-ticket equipment finance — can offer compelling risk-adjusted spreads supported by strong collateral and structural protections.
Read the white paper here: Rapids of Private Credit: Opportunities in the Eddies of ABF (https://www.davidsonkempner.com/insights/rapids-of-private-credit-opportunities-in-the-eddies-of-abf)
DKCM Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DKCM LinkedIn: LinkedIn — Davidson Kempner (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjkv8yemaGNAxXVMlkFHUdZIooQFnoECAwQAQ&url=https://www.linkedin.com/company/davidson-kempner-capital-management&usg=AOvVaw2kUSvvGKDKdeEr1y2KS0uo&opi=89978449)
15 Sept 2025
Real Estate Reset: Capitalizing on Record Dispersion
The sharp repricing of commercial real estate (CRE) across sectors and regions – triggered by steep interest rate hikes that began in 2022 – marks a structural reset leading to more differentiated outcomes for real estate investors.
In our latest white paper, we explore how this environment creates an ideal setting, in our view, for alpha generation for investors with nimble capital and structuring expertise, a global strategy with local sourcing capabilities, and a special situations orientation.
Read the white paper here: Real Estate Reset: Capitalizing on Record Dispersion (https://www.davidsonkempner.com/insights/real-estate-reset-capitalizing-on-record-dispersion)
DKCM Website: Home — Davidson Kempner (https://www.davidsonkempner.com/)
DKCM LinkedIn: LinkedIn — Davidson Kempner (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjkv8yemaGNAxXVMlkFHUdZIooQFnoECAwQAQ&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdavidson-kempner-capital-management&usg=AOvVaw2kUSvvGKDKdeEr1y2KS0uo&opi=89978449)
16 May 2025
Europe: Opportunity in Fragmentation
Industry experts explore Europe's fragmented market, lower valuations, and scarce capital, highlighting investment opportunities despite volatility and deglobalization.
15 May 2025
Absolute Return: The Party Is Just Getting Started
Industry experts explore how absolute return strategies thrive in environments of higher rates, inflation, and deglobalization, creating opportunities due to elevated idiosyncratic risk.
15 May 2025
The Tides of Credit: Opportunity in Dispersion
Industry experts explore the significant dispersion in corporate credit market default rates, prices, and recoveries, highlighting selective credit underwriting's importance in today's environment.
13 May 2025
DK Extra Credit (TRAILER)
Davidson Kempner's Head of Research previews the "DK Extra Credit" podcast, which analyzes global markets and investment considerations to uncover opportunities.
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Apple Podcasts (US)
5.0 / 5
4 ratings
Spotify
5.0 / 5
4 ratings
Podcast Authority Score: 41 / 100
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70
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YouTube
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Engagement
32
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