Hudson Bay Closes $800 Million Fund to Bet on Special Situations
- The six-year drawdown vehicle will focus on big bets
- Fund’s investments so far include New York Community Bancorp
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Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
The closed-end drawdown fund is a six-year vehicle that will deploy capital opportunistically under a “fat pitch” strategy, said the person, who asked not to be named because they’re not authorized to speak publicly. The fund, which closed earlier this month, will be managed by Hudson Bay Chief Investment Officer Sander Gerber and managing partners Yoav Roth, George Antonopoulos and Roy Astrachan.