Hudson Cove Capital Management

Hudson Cove Capital Management

Hudson Cove Capital Management was founded in 2009 by David Wu and Fred Wang, both of whom came from direct principal investing roles at Merrill Lynch and Goldman Sachs in structured credit (per the firm). The firm started as a family office with internal capital, and after building an 8-year track record, began accepting outside capital in 2017 via reverse inquiry. Its investor base now includes sovereign wealth funds, pensions, endowments, foundations, and family offices. The firm invests primarily in asset-backed securities, mortgage-backed securities, and asset-based loans across public and private structured credit markets. It targets lower-to-middle market opportunities where fewer competitors and limited capital access allow it to negotiate favorable pricing and execute quickly. The strategy is designed to produce returns uncorrelated to traditional fixed income and equity markets (per the firm). Hudson Cove structures transactions to optimize risk-adjusted returns through rigorous evaluation of credits, operators, and underlying collateral. It maintains a portfolio dynamically managed across sectors including consumer, commercial, and real estate ABS. Hudson Cove employs 9 people and is headquartered in Jersey City, New Jersey. The core investment team has worked together for over 15 years. The firm does not disclose AUM publicly, and there is no known philanthropic or adjacent vehicle affiliated with the firm. No recent operational events have been reported in public sources. Hudson Cove remains structured as a single-family office that accepts external capital — a hybrid model that lets it maintain flexibility while scaling its investor base. Its success depends on the structuring edge of its two principals, neither of whom has an obvious succession plan in place, making the firm heavily reliant on the expertise of Wu and Wang.