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Davidson Kempner targets UK pension market with new superfund platform
Davidson Kempner Capital Management is preparing to enter the UK's pension risk-transfer market through a new superfund platform, joining a growing number of alternative asset managers seeking exposure to defined-benefit pension liabilities, according to a report by Bloomberg. The New York-based firm's Genwood unit has appointed former Standard Life executives Tom Ground and Kunal Sood as directors, according to regulatory filings. Established earlier this year, Genwood is expected to operate as a pension superfund, acquiring corporate pension schemes and supporting their liabilities with exte