News

04/19/2024

Bloomberg

Hudson Bay Closes $800 Million Fund to Bet on Special Situations

The closed-end drawdown fund is a six-year vehicle that will deploy capital opportunistically under a “fat pitch” strategy

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03/15/2024

Barron's (by Sander Gerber)

The Fed Is Facing a Changed World. The Case Against Cuts.

With the Federal Reserve set to meet shortly, it’s past time to start asking just how restrictive current monetary policy is.

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03/08/2024

News

Tribute to Dr. Markowitz

The New York Economic Club (NYEC) hosted a virtual event honoring the late Nobel Prize winning economist, Dr. Harry Markowitz.

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12/12/2023

Sander Gerber

Environment Eats Culture for Lunch

Times have changed and it is time to alter the narrow view of corporate “culture” to the broader one of organizational “environment.”

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12/12/2023

Pensions & Investments

Hudson Bay CEO sees inflation, interest rates higher for longer

Hedge fund manager Sander Gerber wrote in September 2022 that he expected U.S. bond yields to move much higher than 4%, inflation gradually falling toward 2% with occasional spikes and a 1% real interest rate.

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08/08/2023

Institutional Investor

The Father of MPT Always Understood the Limits of Models

“You might even say Harry Markowitz harbored skepticism toward historical correlation’s predictive power,” writes Sander Gerber.

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08/04/2023

Pensions & Investments

Hedge funds setting up in Dubai to access talent pool, investment opportunities

Global hedge fund managers are turning their attention to the Middle East, with high-profile firms choosing to establish a presence in Dubai amid a strong talent pool and access to a growing asset base.

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07/14/2023

Institutional Investor

A Credit Crisis, AI, and More Are Worrying Nouriel Roubini and Sander Gerber

During a recent fireside chat, the economist and hedge fund manager also discussed bubbly markets and “known unknowns.”

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07/11/2023

DIFC

DIFC first to join forces with AIMA as five additional hedge funds establish, reaffirms role as a global hub for alternative investments and hedge funds

Hudson Bay Capital established a presence in the Dubai International Financial Centre (DIFC).

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03/28/2023

Pensions & Investments

Merced County Employees allocates $23 million to hedge, energy funds

Merced County (Calif.) Employees' Retirement Association approved a new direct investment up to $15 million in Hudson Bay Capital

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12/20/2022

With Intelligence

University of Kentucky shifts focus to ‘true diversifiers’

The University of Kentucky will look to further diversify its hedge fund portfolio by putting a greater emphasis on strategies with low correlation to traditional stocks and bonds.

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09/23/2022

WITH INTELLIGENCE

Hudson Bay Capital: Deep Dive Discussion

Founder and CIO of Hudson Bay Capital Management LP, Sander Gerber joins the 70th U.S. Secretary of State and former Director of...

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09/22/2022

Wolfe Research 6th Annual Global Quantitative and Macro Investment Conference

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09/21/2022

Pensions & Investments

Commentary: Great transition — from low rates to high anxiety

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08/15/2022

Hudson Bay Capital: Macro Outlook - The Great Transition

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03/24/2022

With Intelligence

US Billion Dollar Club adds $215bn to hit record

299 US hedge fund firms manage over $1bn as total assets hit $2.2tn

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03/16/2022

With Intelligence

Oregon introduces event, multi-strat HFs in $750m spend

Caxton, Davidson Kempner and Hudson Bay join the $95bn fund’s major expansion

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02/24/2022

Bloomberg News

Hudson Bay Capital to Expand in Greenwich With Connecticut’s Aid

The asset management firm will receive as much as $1.3 million from the state if it creates and retains 40 new full time jobs, Governor Ned Lamont said in a statement.

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02/18/2022

Institutional Investor

A Hedge Fund Manager Reluctantly Challenged — Then Collaborated With — Harry Markowitz

How Sander Gerber found a better way to measure diversification.

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09/20/2021

Pensions & Investments

The Largest Hedge Fund Managers 2021

Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2021, unless otherwise noted.

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05/03/2021

HFM InvestHedge

Kern County starts thinking about alpha pool’s future growth

The $5.1bn pension is nearing completion of current buildout with allocation to Garda RV strat

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01/25/2021

Pensions & Investments

SPAC launches leap, but institutions are wary

The huge increase in the number of SPAC launches in 2020 continues apace, but so far, most institutional investors still are on the sidelines when it comes to investing directly in them.

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01/13/2021

Wall Street Journal

SPAC Mania Gives Early Investors Steady Returns With Little Risk

Hedge funds score gains when blank-check companies rise after announcing deals to take startups public

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11/12/2020

HFM Absolute Return

Pandemic hits America’s Billion Dollar Club giants

Top quant names struggle but multi-strategy names thrive amid Covid-19 turbulence

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11/05/2020

HFM Connect

HFM US Performance Awards 2020: Winners Announced

This year will certainly go down as a litmus test for hedge fund performance. Not since the financial crisis of 2008 have markets experienced such a rapid and deep sell-off.

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08/27/2020

HFM InvestHedge

Texas ERS maps out up to eight HF hires for 2021

The Employees Retirement System of Texas (ERS) has outlined several manager opportunities as part of its fiscal-2021 hedge fund program tactical plan. Up to eight new allocations are expected across absolute return, opportunistic credit, and ERS’ emerging manager sleeve.

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06/01/2020

HFM InvestHedge

Allocators stick to familiar HFs amid coronavirus disruption

In the months since the first stay-at-home order came into force in March, investors across the US have been leaning more on their existing hedge fund benches, with new manager relationships presenting new challenges.

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05/18/2020

Pensions & Investments

Los Angeles County Employees slates $950 million for 5 funds

Los Angeles County Employees Retirement Association, Pasadena, Calif., committed or invested $950 million in five funds, according to a report on the $54.5 billion pension fund's website.

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05/05/2020

Bloomberg

Viking, Coatue Back in Black After April Gain: Hedge Fund Update

April, another month of widespread quarantines and social distancing, presented hedge funds with a different kind of market upheaval.

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04/30/2020

Pensions & Investments

Florida State Board unveils $1.75 billion in alts investments

Florida State Board of Administration, Tallahassee, made $1.75 billion in commitments and investments, said John Kuczwanski, communications manager, in an email.

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03/25/2020

Bloomberg News

Hudson Bay Plans to Raise Funds Amid ‘Outstanding Opportunities’

The $5 billion hedge fund Hudson Bay Capital Management is seeking to raise capital for a new share class designed to take advantage of the market sell-off.

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11/08/2019

HFM Absolute Return

Renaissance, Millennium Continue Growth While AQR, Bridgewater Falter

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11/08/2019

HFM InvestHedge

West Virginia Pension Adds HBK And Hudson Bay

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11/07/2019

Pensions & Investments

Texas Employees Assigns $235 Million to 4 Alts Funds

Texas Employees Retirement System, Austin, invested or committed a total of $235 million to four alternative investment strategies in October, a transaction report

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03/25/2019

Hedgeweek

Credit Risk Management Crucial To A Successful Convertible Arbitrage Strategy

Roy Astrachan, Managing Partner and Portfolio Manager at Hudson Bay, discusses the firm’s investment philosophy, performance and Deal Code strategy.

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08/22/2018

HFM Week

Building A Culture Of Compliance

Hudson Bay General Counsel and Chief Compliance Officer Scott Black discusses the importance of compliance values in the workplace.

Read more

06/06/2018

Reuters

U.S. Hedge Fund Hudson Bay To Open London Office - Sources

Hudson Bay opens London office and expands team.

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10/27/2017

Pensions & Investments

Colorado Fire & Police allocates $30 million to arbitrage hedge fund

Read more

10/27/2016

The Jerusalem Post

Hedge-Fund Managers Gather In Tel Aviv For Investment Tips And Charity

Hudson Bay CEO, Sander Gerber, discusses Israel’s role in financial markets at the Sohn Conference in Tel Aviv.

Read more

10/16/2013

Reuters

For Hedge Funds, Debt Crisis Largely Business As Usual

Hudson Bay CEO, Sander Gerber, talks about his investment strategy amid a government shutdown and debt crisis.

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11/01/2011

Institutional Investor

Hudson Bay Preps Fund, Closes Flagship

Hudson Bay preps for the future.

Read more

06/22/2010

Institutional Investor

II Announces Hedge Fund Award Winners

Hudson Bay named Multistrategy Hedge Fund Firm of the Year.

Read more
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Privacy Notice

(April 2023)

This notice (this “Privacy Notice”) is provided by Hudson Bay Capital Management LP and its affiliates (collectively, “we”, “us”, or “HBC”), and sets forth the policies of HBC for the collection, recording, storage, use, retrieval, altering, erasing and disclosing (collectively, “processing”) and protection of personal information relating to current, prospective and former investors (collectively, “Investors”) in the investment funds and other vehicles (each, a “Fund”) advised by HBC. This Privacy Notice may be changed at any time, provided a notice of such change is given to you.

References to "you" or an "Investor" in this Privacy Notice mean any Investor who is an individual, or any individual connected with an Investor who is a legal person (each such individual, a “data subject”), as applicable.

Capitalized terms used herein but not defined herein shall have the meanings assigned to them in the Confidential Private Placement Memorandum relating to the relevant Fund, as may be supplemented, updated or modified from time to time (the “Memorandum”).

The types of personal data we may collect and use

The categories of personal data we may collect include names, residential addresses or other contact details, signature, nationality, tax identification number, date of birth, place of birth, photographs, copies of identification documents, bank account details, information about assets or net worth, credit history, source of funds details or other sensitive information, such as certain special categories of data contained in the relevant materials or documents.

How we collect personal data

We may collect personal data about you through: (i) information provided directly to us by you, or another person on your behalf; and (ii) information that we obtain in relation to any transactions between you and us.

We may also receive your personal information from third parties or other sources, such as our affiliates, the administrator of the Funds (the “Administrator”), publicly accessible databases or registers, tax authorities, governmental agencies and supervisory authorities, credit agencies, fraud prevention and detection agencies, or other publicly accessible sources, such as the Internet.

Using your personal data: the legal basis and purposes

We may process your personal data for the purposes of administering the relationship between you and us (including communications and reporting), including where this is necessary for the performance of a contract we have entered into with you, direct marketing of our products and services, monitoring and analyzing our activities, and complying with applicable legal or regulatory requirements (including anti-money laundering, fraud prevention, tax reporting, sanctions compliance, or responding to requests for information from supervisory authorities with competent jurisdiction over our business). Your personal data will be processed in accordance with the applicable law and may be processed with your consent, upon your instruction, or for any of the purposes set out herein, including where we or a third-party consider there to be any other lawful purpose to do so.

Where personal data is required to satisfy a statutory obligation (including compliance with applicable anti-money laundering or sanctions requirements) or a contractual requirement, failure to provide such information may result in your subscription in the applicable Fund being rejected, or compulsorily redeemed or withdrawn, as applicable. Where there is suspicion of unlawful activity, failure to provide personal data may result in the submission of a report to the relevant law enforcement agency or supervisory authority.

How we may share your personal data

We may disclose information about you to our affiliates or third parties, including the Administrator, prime brokers, custodians and executing brokers, and other trading counterparties, as applicable, for our everyday business purposes, such as to facilitate transactions by the Funds, maintain your account(s), or respond to court orders and legal investigations. It may also be necessary, under anti-money laundering and similar laws, to disclose information about an Investor in order to accept subscriptions from them or to facilitate the establishment of trading relationships with executing brokers or other trading counterparties. We will also release information about you if you direct us to do so.

We may share your information with our affiliates for direct marketing purposes, such as offers of products and services to you by us or our affiliates. You may prevent this type of sharing by contacting us at +1 212-571-1244. If you are a new investor, we can begin sharing your information with our affiliates for direct marketing purposes 30 days from the date we sent this Privacy Notice. When you are no longer our investor, we may continue to share your information with our affiliates for such purposes. We may also disclose information about your transactions and experiences with us to our affiliates for their everyday business purposes.

We do not share your information with non-affiliates for them to market their own services to you.

Retention periods and security measures

Personal data will be retained for the duration of your investment and for a minimum period of five to seven years after a redemption or withdrawal, as applicable. We may retain personal data for a longer period, for example for the purposes of marketing our products and services or compliance with applicable law. From time to time, we may review the purpose for which personal data has been collected and decide whether to retain it or to delete if it no longer serves any purpose to us.

To protect your personal information from unauthorized access and use, we apply organizational and technical security measures in accordance with the applicable law. These measures include computer safeguards and secured files and buildings. We will notify you of any material personal data breaches affecting you in accordance with the requirements of the applicable law.

Who to contact about this Privacy Notice

Please contact Investor Relations at +1 212-571-1244 for any questions about this Privacy Notice or requests with regards to the personal data we hold.

You may contact us at any time to limit our sharing of your personal information. If you limit sharing for an account you hold jointly with someone else, your choices will apply to everyone on your account. US state laws may give you additional rights to limit sharing.

For more specific information or requests in relation to the processing of personal data by the Administrator, prime brokers, custodians or any other service provider to the Funds, you may also contact the relevant service provider directly by visiting their websites.

Additional Information for Residents of the United Kingdom:

Personal Data Processed in Third Countries. Your personal information will be processed in the United States, and other countries outside the UK (“Third Countries”), that may not offer the same level of data protection as that afforded by the UK’s data protection laws, including the UK General Data Protection Regulation (“GDPR”). We will process personal data (or ensure that it is processed) in such Third Countries subject to appropriate safeguards and in accordance with the requirements of applicable law, which may include having appropriate contractual undertakings in legal agreements with service providers who process personal data on our behalf in such Third Countries.

Your rights. You may have certain rights under the GDPR (or the DPA as defined below) in respect of the personal data we hold and which you may exercise. These rights are:

Please note that the right to be forgotten that applies in certain circumstances is not likely to be available in respect of the personal data we collect to satisfy our legal or regulatory obligations, as described above.

Complaining to the ICO

You have the right to complain to the Information Commissioner’s Office (“ICO”). Further information is available from the ICO’s website.

Additional Information for investors into funds organized under the laws of the Cayman Islands

For the purposes of the Cayman Islands Data Protection Act (as amended) (the “DPA”) a Cayman Islands Fund is a data controller. The rights applicable to data subjects under the DPA are similar to those of the GDPR. Where personal data related to Cayman Islands fund investors is transferred outside of the Cayman Islands this must only be transferred to another country or territory that provides an adequate level of protection, and if necessary, arrangements similar to those applicable under GDPR or as provided for by the relevant competent authority in the Cayman Islands shall also be required.

Use of cookies

We may send text files (e.g., “cookies” or other cached files) or images to your web browser to store information on your computer. Such text files and images are used for technical convenience to store information on your computer. For instance, we may use a session cookie to store form information that you have entered so that you do not have to enter such information again. We may use information stored in such text files and images to customise your experience on this website and to monitor use of this website. You may set your browser to notify you when you receive a cookie. Many web browsers also allow you to block cookies. If you block cookies you may not be able to access certain parts of this website. You can disable cookies from your computer system by following the instructions on your browser or at www.allaboutcookies.org.

You can also click on “Cookie Preferences” on our website and change your preferences as to how we use cookies.

Recording and monitoring of communications

We may record and monitor telephone conversations and electronic communications with you for the purposes of:

Copies of recordings may be stored for a period of five years, or such other longer period as we may determine from time to time.