Hudson Bay Capital Management LP
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Investment management |
| Predecessor | Gerber Asset Management |
| Founded 📆 | June 2005 |
| Founders 👔 | Sander Gerber Yoav Roth |
| Headquarters 🏙️ | Greenwich, Connecticut, U.S. |
Area served 🗺️ | |
| Products 📟 | Hedge funds Alternative investments |
| 💎 AUM | US$27 billion (April 1, 2023) |
| Members | |
Number of employees | 149 (April 1, 2023) |
| 🌐 Website | hudsonbaycapital |
| 📇 Address | |
| 📞 telephone | |
| Footnotes / references [1] | |
Hudson Bay Capital is an American multi-strategy investment management firm headquartered in Greenwich, Connecticut. It has additional offices in New York, Miami, London and Dubai.
Background[edit]
In 1997, Sander Gerber, an equity options trader at American Stock Exchange started his own proprietary firm named Gerber Asset Management. In 2005, he and Yoav Roth founded Hudson Bay Capital. At the same time, Gerber Asset Management was dissolved and Hudson Bay Capital absorbed its resources and employees.[2][3][4][5]
In February 2022, the firm received a $1.3 million state grant from the state of Connecticut to hire an addition 40 employees in Greenwich.[6][7]
In June 2023, the firm opened an office in Dubai.[8]
The firm manages the bulk of its assets in the multi-strategy fund but also invests in distressed debt and has engaged in shareholder activism.[9] In early 2023, the firm received attention from the media after it arranged a fundraising deal of over $1 billion to purchase equity of Bed Bath & Beyond which at the time was on the verge of bankruptcy.[10][11][12] On March 30, 2023, Bed Bath & Beyond terminated its deal with Hudson Bay Capital.[13] Other struggling companies the firm has invested in include Plug Power and Transocean.[10]
The firm has a risk framework called the “The Deal Code System.” which was mainly designed by Gerber. It is designed to be a scalable and repeatable portfolio management system that manages the returns and losses of the firm.[10]
References[edit]
- ↑ "Form ADV" (PDF). SEC.
- ↑ "A Hedge Fund Manager Reluctantly Challenged — Then Collaborated With — Harry Markowitz". Institutional Investor. 2022-02-18. Retrieved 2023-06-21.
- ↑ Harney, John (January 29, 2012). "Lauren Potter and Yoav Roth". The New York Times.
- ↑ "Sander R. Gerber" (PDF). Nomura.
- ↑ "CanadianHedgeWatch - General News". www.canadianhedgewatch.com. Retrieved 2023-06-21.
- ↑ Schott, Paul (2022-02-24). "Finance firm Hudson Bay gets $1.3 million state grant to add 40 jobs in Greenwich". CT Insider. Retrieved 2023-06-21.
- ↑ "Hudson Bay Capital to Expand in Greenwich With Connecticut's Aid". Bloomberg.com. 2022-02-24. Retrieved 2023-06-21.
- ↑ "Hudson Bay Expands $20 Billion Hedge Fund Business to Dubai". Bloomberg.com. 2023-06-12. Retrieved 2023-06-21.
- ↑ "Hedge Fund Alert" (PDF). Hedge Connection. October 5, 2016.
- ↑ 10.0 10.1 10.2 Zuckerman, Gregory; Gladstone, Alexander (2023-02-07). "The Investor Behind the $1 Billion Bet on Bed Bath & Beyond". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-06-21.
- ↑ "Hudson Bay Is Anchor Investor in Bed Bath & Beyond Share Sale". Bloomberg.com. 2023-02-07. Retrieved 2023-06-21.
- ↑ Hirsch, Lauren; Holman, Jordyn (2023-02-07). "Investment Firm Backs Bed Bath & Beyond's Stock Offering". The New York Times. ISSN 0362-4331. Retrieved 2023-06-21.
- ↑ Gladstone, Alexander. "Bed Bath & Beyond Ends Hudson Bay Deal, Turns to Market for $300 Million to Avoid Bankruptcy". WSJ. Retrieved 2023-06-21.
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