Former Federal Reserve governor Stephen Miran is rejoining hedge fund Hudson Bay Capital Management as a senior strategist, marking his return to the firm after a series of senior policy roles in Washington, according to a report by Bloomberg.
Miran previously worked at Hudson Bay, a roughly $22bn hedge fund, where he contributed to macroeconomic research, including work exploring themes tied to the so-called “Mar-a-Lago Accord” framework. The proposal broadly examined how tariffs and other policy tools could be used to strengthen the US position in global trade dynamics.
He later left the firm to serve as chair of the US Council of Economic Advisers at the start of President Donald Trump’s second term, before joining the board of governors of the Federal Reserve in September. Miran resigned from that role in May.
Hudson Bay said Miran’s return comes at a time when geopolitical factors are playing an increasingly important role in investment strategy. Chief executive Sander Gerber said in a statement that Miran’s experience across policy and markets would strengthen the firm’s investment capabilities.
In his new role, Miran will work alongside economist Nouriel Roubini, who is also part of Hudson Bay’s broader advisory and investment team.
