Hudson Bay Capital Management, a renowned investment firm based in Greenwich, is making its mark on the global stage by expanding its $20 billion hedge fund business to the bustling city of Dubai. Following in the footsteps of other prominent players in the financial industry, like Balyasny Asset Management and ExodusPoint Capital Management, Hudson Bay is capitalizing on the Middle Eastern hub’s growing potential.
In a strategic move to establish a foothold in Dubai, Hudson Bay has appointed Chiara Chabanne as its senior executive officer and first-ever portfolio manager in the region. Bringing her expertise from previous positions at Schonfeld Strategic Advisors LLC, Moore Europe Capital Management, and JPMorgan Securities, Chiara is expected to drive the firm’s investment strategies forward. Assisting her in this venture would be Antoine Chabanne, who would collaborate with Chiara in an undisclosed capacity.
While Hudson Bay declined to provide official comments, the move aligns with multi-strategy hedge fund firms expanding globally to secure the best talent and increase their profit potential. These firms entice skilled professionals who could contribute to their bottom line by offering a coveted location like Dubai.
Hudson Bay joins a growing list of hedge funds flocking to Dubai, which has attracted prominent entities such as Izzy Englander’s Millennium Management and Michael Gelband’s ExodusPoint. The city’s appeal extends beyond the traditional financial sector, with cryptocurrency firms, property investors, and Russian billionaires finding their way to its shores.
With this expansion, Hudson Bay is bolstering its global team, which comprises nearly 100 investment and risk professionals. In addition to the new Dubai office, the firm maintains a presence in major financial centers, including New York, London, and Miami. As the hunt for exceptional talent continues, the strategic move to Dubai positions Hudson Bay to leverage the city’s growing prominence in the global financial landscape.
