# Hudson Bay Capital Management

Hudson Bay Capital Management is a Bank / Wealth / Trust based in New York, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** Greenwich, CT, United States
- **Founded:** 2005
- **Assets under management:** $20Bn+ (Altss estimate)
- **Website:** hudsonbaycapital.com
- **Wikidata:** Q38786683

## Regulatory record

- **CRD number:** 316815
- **SEC file number:** 801-73536
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/316815

## About

Hudson Bay Capital Management is an SEC-registered investment adviser in Stamford, CT, registered since 2022. The firm manages approximately $40.7 billion in assets. It has 6 employees and 153 investment advisers.

## Sectors

- Hedge Funds
- Private Credit
- Secondaries & Special Situations

## Offices

- New York, NY
- Miami, FL
- London, UK
- Hong Kong

## People

- Sander Gerber — Chief Executive Officer & Chief Investment Officer

## Questions

### Who runs investment decisions at Hudson Bay Capital?

Sander Gerber is the sole Chief Executive Officer and Chief Investment Officer and ultimately oversees all risk-taking. He founded the firm in 2005 after trading roles at Omega Advisors under Leon Cooperman and at Amaranth Advisors. Gerber has made no public move to install a co-CIO or delegate top-down portfolio construction to a risk committee of equals.

### How does Hudson Bay Capital source deals?

The firm sources across investment banking desks, restructuring advisors, and direct company relationships built over nearly two decades of convertible and distressed trading. Hudson Bay is known for stepping into complex, time-sensitive liquidity events — PIPEs, rights offerings, and DIP financings — where speed of execution and a single decision-maker give it an edge over committee-driven funds. The London and Hong Kong offices provide regional coverage for cross-border capital-structure arbitrage and index-rebalancing trades.

### Does Hudson Bay operate a pod-shop structure like Millennium or Citadel?

No. While Hudson Bay is a multi-strategy platform, it does not use the centralized pod-shop model with hundreds of independent risk-taking teams. Sector heads run concentrated sleeves with firm-level risk overlays, and Gerber retains sole CIO authority. This means tighter headcount and less turnover than the typical multi-manager, but also concentrated key-person exposure to Gerber.

### Does Hudson Bay participate in private investments or only public markets?

The firm has increasingly layered private capital onto its liquid strategies. Hudson Bay participates in PIPEs, preferred equity, rescue financings, and direct lending, and launched a dedicated private credit vehicle in 2024. Its public filings confirm positions in companies through their restructuring phases, often holding stakes post-reorganization.

### How is Hudson Bay Capital related to the Canadian department store Hudson's Bay?

There is no relationship. Hudson Bay Capital Management is named after the Hudson Bay body of water in Canada, chosen for its historical trading-route connotation, and has no affiliation with the Hudson's Bay Company or its retail operations.

## Related profiles

- [Hubins](https://altss.com/profile/hubins)
- [Hudson Heritage Capital Management](https://altss.com/profile/hudson-heritage-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hudson-bay-capital-management

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