Sander Gerber is Chief Executive Officer and Chief Investment Officer of Hudson Bay Capital, a multi-strategy hedge fund manager investing globally. Mr. Gerber has more than 30 years of investing experience in multiple securities classes and derivatives across a broad range of strategies. Hudson Bay Capital has delivered high quality risk adjusted returns for investors throughout multiple market cycles.
In 2008, Mr. Gerber developed the Gerber Statistic, which measures the co-movement of financial assets, enabling early detection of concentration risks and insufficient diversification within an absolute return portfolio. Later, after many years in collaboration with Harry Markowitz, the Nobel Prize-winning economist and father of Modern Portfolio Theory (MPT), research was completed to optimize the modern portfolio construct by replacing historical covariance with the Gerber Statistic. This groundbreaking paper was published in the Journal of Portfolio Management of February 2022.
Mr. Gerber is also the chief designer of his firm's proprietary Deal Code framework, a scalable, repeatable portfolio management system that provides granular control seeking to minimize loss, maximize return, and optimize the judgment skills of Hudson Bay Capital's investment professionals.
Mr. Gerber began his investment career in 1991, as a member of the American Stock Exchange working as an equity options market maker. In 1997, he founded Gerber Asset Management LLC (“GAM”) to develop and engage in proprietary investment strategies, many of which are utilized by Hudson Bay Capital today. In late 2005, Mr. Gerber and Yoav Roth co-founded Hudson Bay Capital, which absorbed GAM’s business and 15 employees.
Prior to becoming a member of the American Stock Exchange, Mr. Gerber was an Associate Consultant at Bain & Company, a leading strategic management consulting firm where he assisted the senior management of multinational corporations to identify and implement corporate growth opportunities.
Mr. Gerber is a member of the Council on Foreign Relations and the Economic Club of New York. He is a fellow and board member of the Jerusalem Center for Public Affairs, an independent research institute specializing in public diplomacy and foreign policy. Mr. Gerber serves as a member of the United States Agency for International Development’s Partnership for Peace Fund Advisory Board. The Board provides information and advice to USAID, and other U.S. Government agencies to promote economic cooperation, people-to-people peacebuilding programs, dialogue, and reconciliation between Israelis and Palestinians. Mr. Gerber was previously a member of the Director of National Intelligence’s Senior Advisory Group (SAG). SAG provides the Director of National Intelligence with an informed, external perspective regarding policy, industry best practices, technology breakthroughs, and best-in-class solutions relevant to current intelligence issues.
Mr. Gerber graduated cum laude from the University of Pennsylvania, with a BSE in Finance from Wharton and a BA in Humanistic Philosophy from the College of Arts and Sciences.