Many hedge fund managers have a short list of other managers they would trust with the capital they give to charity. However, that’s not the case with Thomas Kempner Jr. He trusts numerous managers with his foundation’s money, choosing a diversified portfolio that spans hedge funds, private equity, venture capital and more.
In fact, Thomas Kempner Jr. and Marvin Davidson of global investment firm Davidson Kempner Capital Management both have their own foundations, which they use to distribute their millions.
Background on Kempner’s and Davidson’s foundations
According to its 990PF filing for 2023, which was filed in November 2024, the Thomas L. Kempner Jr. Foundation had about $306.7 million in assets at...
