Stockholm (HedgeNordic) – Digital assets-focused investment firm Hilbert Group has launched a systematic quant-driven crypto fund in a joint venture with Hong Kong-based strategic advisory firm Oracle Strategies Limited. Hilbert Syrius Bit+ Fund uses a mix of artificial intelligence-assisted trend-following and mean-reversion strategies on a small basket of leading altcoins, predominantly Bitcoin and Ethereum.
Stockholm-based Hilbert Group is a Nasdaq First North-listed digital asset investment firm built on four business verticals, with its asset management arm so far focused on managing long-only altcoin fund Hilbert Digital Asset Fund since its launch in January 2019. The launch of Hilbert Syrius Bit+ Fund (HSBF) is the first in a planned series of joint fund launches with Joseph Jeong’s Oracle Strategies Limited.
“The purpose of this fund launch is threefold,” comments Niclas Sandstrom (pictured), the CEO of Hilbert Group. “Firstly, it broadens our fund offering with a product that is lower risk than Hilbert Digital Asset Fund,” starts Sandstrom. “Secondly, it further expands Hilbert Group’s footprint in Asia and our capacity to attract both professional and institutional investors there,” he continues. “And thirdly, it adds another important building block in our strategic partnership with Oracle Strategies Limited, a quantitative research firm in the hedge fund space.”
“The purpose of this fund launch is threefold. Firstly, it broadens our fund offering with a product that is lower risk than Hilbert Digital Asset Fund.”
According to Sandstrom, the objective of HSBF is to outperform Bitcoin on a long-term, risk-adjusted basis. “The core strategy is powered by Oracle Strategies’ AI-based algorithms that adjust the risk-exposure according to the inherent cycles within cryptocurrencies,” explains Sandstrom. Hilbert Syrius Bit+ Fund will mainly focus on liquid, large-cap cryptocurrencies such as Bitcoin and Ethereum in order to attract institutional investors, with very limited exposure to a few other top altcoins.
“The launch of HSBF is the first in a planned series of joint fund launches and we look forward to working closely together with Hilbert Group on these.”
“The launch of HSBF is the first in a planned series of joint fund launches and we look forward to working closely together with Hilbert Group on these,” says Joseph Jeong of Oracle Strategies Limited. “We at Oracle Strategies Limited have years of experience in developing bespoke trading algorithms in both cryptocurrencies and equities in order to help hedge funds outperform,” he continues. “We see many synergies with Hilbert Group’s institutional crypto funds platform. Their expertise in crypto fund management in combination with being a public company will be of great help expanding the franchise for both parties going forward.”