Keep pulling the thread on Sander Gerber.
Sander Gerber predicts a structural shift in the U.S. economy where private credit will replace banks as the mainstay for credit provision.
In the Ukraine-Russian war, 70% of casualties over the past 6-12 months have been caused by drone and AI-driven warfare.
Hudson Bay Capital's strategy focuses on profiting from event catalysts and changes in ways that algorithms, which rely on historical precedent, cannot.
Harry Markowitz's original 1952 paper on Modern Portfolio Theory stated that correlations should be determined by the forward-looking judgment of analysts, not by mining historical data.
Research papers co-authored by Sander Gerber and Harry Markowitz have demonstrated that replacing historical covariance with the Gerber Statistic leads to better performance with less risk.
According to research departments at firms like Axioma, factors can explain between 34% and 40% of a stock's price movement.
Sander Gerber asserts that in models like those from Axioma, after the top five factors, the next 21 factors only explain 6% of a stock's price movement, which he considers insignificant.
Sander Gerber believes the only two factors that matter for investment portfolios are the overall market and the sector.
Sander Gerber believes the current era is a "golden age for real estate credit" because banks lack the capital to lend.
Further research on the Gerber statistic, including methods for thresholding data, is being conducted at Imperial College London.
Elon Musk has successfully challenged and overturned established scientific and engineering consensus on the properties of metals.
Hudson Bay Capital operates a dozen different investment strategies, including risk arbitrage, private credit, and real estate.