Hudson Bay Capital Management
Investment manager of alternative investment opportunities including pension plans, foundations and endowments

Hudson Bay Capital Management LP (HBC) is an American multi-strategy investment management firm headquartered in Greenwich, Connecticut, with additional offices in New York, Miami, London, Hong Kong and Dubai.
The firm has no relation to Canada's more well-known Hudson's Bay Company.
Background
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.
In 2018, HBC opened a new office in London, followed by new operations in Dubai in 2023.
In March 2020, HBC introduced a special share class based on a drawdown structure to take advantage of sharp share price decreases following then-recent historic highs.
In February 2022, HBC received a $1.3 million state grant from the state of Connecticut to hire an additional 40 employees in Greenwich.
In July 2024, HBC increased the lockup period for investor capital from one to two years.
In November 2024, HBC released a 41-page document written by Stephen Miran that outlined a plan to restructure the global trading system.
The public source identifies “Hudson Bay Capital Management” as investment manager of alternative investment opportunities including pension plans, foundations and endowments. This brief keeps that definition visible, then builds a research path around Hudson, Capital and Management.
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Named sources, stable identifiers and responsible institutions provide the strongest route from overview to verifiable evidence. The source revision retrieved here is dated Sep 4, 2026. The linked authority identifier is Q38786683. 1 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 1997, 2005, 2018 and 2023.
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This entry incorporates text from “Hudson Bay Capital Management” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.