Multi-Billion-Dollar Asset Management Firm Expanding To Greenwich

GREENWICH, CT — Hudson Bay Capital, a leading multi-billion-dollar asset management firm, will expand its operations to Greenwich, according to an announcement from Gov. Ned Lamont on Thursday. The Greenwich office, which will be located at 28 Havemeyer Place, is expected to employ nearly 50 people as new positions are filled.

The company was founded in 2006, with offices in New York City, Miami and London. There are over 120 employees.

"Hudson Bay Capital is an international company with offices all over the world, and I am glad that as their company continues to grow, they’ve selected Connecticut as the location where they will create these new jobs," Lamont said in the announcement on Thursday. "Business confidence continues to rise in Connecticut, and we are building on that momentum by continuing to exercise fiscal discipline and make the strategic investments that are necessary to attract new jobs. I look forward to seeing Hudson Bay Capital’s continued growth in Connecticut."

Sander Gerber, chief executive officer and chief investment officer of Hudson Bay Capital, said in Lamont's announcement that Connecticut made sense for expansion.

"As we continue to strategically scale our business, attract top talent, and provide best-in-class solutions to our global clientele, it became clear that Connecticut was the ideal location for expansion, given its infrastructure, proximity to metropolitan areas and commitment to business," Gerber said. "Governor Lamont’s mission of job creation resonates with our own and we look forward to welcoming new, intellectually curious, team-oriented individuals to our Greenwich office."

Greenwich First Selectman Fred Camillo told Patch he welcomes Hudson Bay Capital to town.

"We welcome the fact they're going to be adding 40 new positions here in Greenwich. It's another example of how companies view Greenwich as very business friendly. They also know that our town offers a lot of things for their employees, whether they want to live here or go out and dine here. We have a lot of amenities," Camillo said.

Camillo also highlighted Greenwich's civic-mindedness.

"I think these companies really appreciate that," Camillo added. "I look forward to partnering with them and watching them grow in the years to come."

The Connecticut Department of Economic and Community Development (DECD) is supporting the project by providing a grant in arrears up to $1.3 million, contingent upon the firm creating and retaining 40 new full-time jobs.

"Companies focused on growth see tremendous opportunity in Connecticut," DECD Commissioner David Lehman and Peter Denious, president and CEO of the nonprofit organization AdvanceCT, said in a joint statement.

"When we talk with CEOs and site consultants, we consistently hear that Connecticut’s skilled workforce and strategic location are among the top reasons companies are choosing to invest, innovate, and grow here. It is great to see Hudson Bay Capital among the growing roster of financial services and financial technology companies expanding operations in our state," Lehman and Denious said.