Hedge Fund hbbd``b` /@`b tH08 f 1Qr&H ZZ Hedge fund Davidson Kempner Capital Management is targeting $1.2 billion for investments in longer-dated distressed opportunities, including private equity, according to documents released by Rhode Island State Investment Commission.. Davidson Kempner, which holds the bulk of its assets in its $20.7 billion flagship hedge fund, plans to use the new $1.2 billion fund to invest in 15 to 30 . You may not remove any copyright, trademark, or other proprietary notice or legend contained on (or printed from) the Website. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. 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