Multi-billion dollar asset management company expands to Greenwich

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GREENWICH, CT — Hudson Bay Capital, a multi-billion dollar asset management firm, will expand its operations in Greenwich, according to an announcement from Governor 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, Miami and London. There are more than 120 employees.

“Hudson Bay Capital is an international company with offices around the world, and I am pleased that as their business continues to grow, they have chosen Connecticut as the location where they will create these new jobs,” Lamont said in the statement. announcement on Thursday. “Business confidence continues to rise in Connecticut, and we’re 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 the continued growth of Hudson Bay Capital in Connecticut.

Sander Gerber, managing director and chief investment officer of Hudson Bay Capital, said in Lamont’s announcement that the Connecticut expansion makes sense.

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

Greenwich First Selectman Fred Camillo told Patch he welcomed the capital of Hudson’s Bay to town.

“We welcome the fact that they will be adding 40 new positions here in Greenwich. This is another example of how companies see Greenwich as very business-friendly. They also know that our city offers a lot to their employees, whether they want to live here or hang out and dine here. We have a lot of amenities,” Camillo said.

Camillo also highlighted Greenwich’s civic spirit.

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

The Connecticut Department of Economic and Community Development (DECD) is supporting the project with an overdue grant of up to $1.3 million, conditional on the company creating and maintaining 40 new full-time jobs.

“Growth-oriented companies see huge opportunities 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 to CEOs and site consultants, we consistently hear that Connecticut’s skilled workforce and strategic location are among the top reasons companies choose to invest, innovate and to expand here. It’s great to see Hudson Bay Capital among the growing list of financial services and fintech companies expanding into our state,” Lehman and Denious said.

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