Speaker
Sander Gerber
CEO & CIO
at
Hudson Bay Capital
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.
In 2008, Mr. Gerber developed the Gerber Statistic, which was accepted as an innovation complementary to his own work by the late Dr. Harry Markowitz, the Nobel Prize-winning economist and father of Modern Portfolio Theory (MPT). The Gerber Statistic is utilized by Hudson Bay to identify the co-movement of financial assets, enabling early detection of concentration risks and insufficient diversification. Subsequently, Messrs. Gerber and Markowitz, in a landmark research paper published in The Journal of Portfolio Management, gave further validation to replacing historical correlation in the calculation of covariance with the Gerber Statistic.
The result, as described in Institutional Investor, “leads to outperformance in cumulative return, average geometric return, and Sharpe ratio.”
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 to develop and engage in proprietary investment strategies. In late 2005, Mr. Gerber and Yoav Roth co-founded Hudson Bay Capital, which concentrates on generating positive returns while maintaining a focus on risk management and capital preservation.
Mr. Gerber is a trustee of the Economic Club of New York, a member of the Council on Foreign Relations, and an investment committee member of the Conference on Jewish Material Claims Against Germany. He is a distinguished fellow at The Jewish Institute for National Security of America and serves as a member of the United States Agency for International Development’s Partnership for Peace Fund Advisory Board. Mr. Gerber served as a member of the Senior Advisory Group to the Director of National Intelligence from 2017-2019. Formerly, he was the Vice Chairman of the Woodrow Wilson International Center for Scholars, and Chairman of its Investment Committee.
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.
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