Our Environment

Sander Gerber begins his career as an options market maker on the American Stock Exchange, developing a disciplined approach to risk and a conviction in diversification that continues to underpin Hudson Bay’s investment philosophy.

Gerber Asset Management is founded, establishing the foundation for Hudson Bay’s investment process, including development of the proprietary Deal Code System for portfolio construction and risk management.

Yoav Roth joins the firm, adding convertibles expertise and helping to expand strategies that remain core to Hudson Bay today.

Hudson Bay is established, transitioning the investment team, strategies, and portfolio construction process from Gerber Asset Management into an institutional platform designed to manage external capital. George Antonopoulos joins the firm.

Following a soft close in 2007, Hudson Bay reopens in early 2009 to capitalize on the dislocations of the global financial crisis. Roy Astrachan joins the firm. This senior leadership team has now worked together for nearly two decades.

Investment capabilities deepen as Hudson Bay continues to refine its calculated approach to portfolio construction. In 2013, the Gerber Statistic—an advancement on traditional portfolio theory—is patented.

Strategies and infrastructure scale in tandem, with continued investment in systems, data, and execution to support differentiated sources of return.

Hudson Bay opens its London office, expanding the reach of its global investment platform.

Hudson Bay collaborates with Nobel laureate Dr. Harry Markowitz, to publish research on the theoretical foundation of the Gerber Statistic.

Amid extreme market volatility, Hudson Bay deploys capital opportunistically while adhering to its disciplined investment framework and maintaining liquidity to capture dislocations.

Further collaboration with Dr. Markowitz reinforces the Gerber Statistic as a meaningful enhancement to modern portfolio theory.

Hudson Bay opens its Dubai office, strengthening the firm’s presence in a key global financial center.

Dr. Stephen Miran publishes research on global trading systems, which becomes the most read hedge fund paper of all time.

Hudson Bay expands its platform with the launch of Special Opportunities and Real Estate Opportunities, broadening its ability to deploy capital across differentiated opportunity sets.

Hudson Bay opens its Hong Kong office, strengthening the firm’s presence in a key global financial center.

Hudson Bay introduces portable alpha, reflecting its continued focus on investor-driven portfolio solutions.