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cer, is responsible for supervising Mr. Astrachan's advisory activities. Mr. Gerber can be reached at 212-571-1244. Mr. Astrachan is also subject to Hudson Bay's compliance policies and procedures and Code of Ethics with respect to his advisory activities. Scott L. Black, Hudson Bay's General Counsel and Chi

erber, in his roles as Chief Executive Officer and Chief Investment Officer, is responsible for supervising Mr. Astrachan's advisory activities. Mr. Gerber can be reached at 212-571-1244. Mr. Astrachan is also subject to Hudson Bay's compliance policies and procedures and Code of Ethics with respect to

ital ROY ASTRACHAN ITEM 6 - SUPERVISION As described above under Item 2, Mr. Astrachan is a Managing Partner and Portfolio Manager at Hudson Bay. Sander Gerber, in his roles as Chief Executive Officer and Chief Investment Officer, is responsible for supervising Mr. Astrachan's advisory activities. Mr. Gerbe

HUBUS133 Alpha Group Capital SANDER ROSS GERBER ITEM 2 - EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Sander Gerber, born in 1967, is Hudson Bay's principal owner, Chief Executive Officer and Chief Investment Officer. He also functions as a Portfolio Manager who opportunistically invests in sp

. He also functions as a Portfolio Manager who opportunistically invests in special situations in addition to monitoring and hedging tail risks. Mr. Gerber has over 25 years of investing experience in multiple securities classes and derivatives across a broad range of strategies. In 1991, he became a m

HUBUS133 Alpha Group Capital SANDER ROSS GERBER ITEM 2 - EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Sander Gerber, born in 1967, is Hudson Bay's principal owner, Chief Executive Officer and Chief Investment Officer. He also functions as a Portfolio Manager who o

cer and Chief Investment Officer • • le for supervising Mr. Chen's advisory activities. Mr. Gerber can be reached a . Mr. Chen is also subject to Hudson Bay's compliance policies and procedures and Code of Ethics with respect to his advisory activities. Scott L. Black, Hudson Bay's General Counsel and Chie

ay. Sander Gerber, in his roles as Chief Executive Officer and Chief Investment Officer • • le for supervising Mr. Chen's advisory activities. Mr. Gerber can be reached a . Mr. Chen is also subject to Hudson Bay's compliance policies and procedures and Code of Ethics with respect to his advisory act

ave received a copy of that brochure. Please contact Scott L. Black, General Counsel and Chief Compliance Officer at and/or if you did not receive Hudson Bay's brochure or if you have any questions about the contents of this supplement. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0084877 CON

//hudsonbaycaoital.com/ FORM ADV PART 2B: BROCHURE SUPPLEMENT April 1,2018 SANDER ROSS GERBER This brochure supplement provides information about Sander Gerber that supplements the Hudson Bay Capital Management LP ("Hudson Bay") brochure. You should have received a copy of that brochure. Please contact Sco

Sargen received his BA in Economics with a Minor in Mathematics from Stanford University. Steven Petersen Chief Financial Officer Mr. Petersen is Hudson Bay's Chief Financial Officer where he is responsible for managng Hudson Bay's accounting, finance, operations, and financial and tax reporting function

ographies 1, Paul Sargen Chief Risk Office, Mr. Sargen is the Chief Risk Officer at Hudson Bay Capital Management LP responsible for supporting Sander Gerber, Chief Investment Officer, in overseeing the risk management function across the portfolio. Prior to joining Hudson Bay. Mr. Sargen was a Director