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Cevian’s Murray to Head Hilbert’s AM Arm

Report: Systematic Strategies

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Stockholm (HedgeNordic) – Digital assets-focused investment firm Hilbert Group has appointed former Cevian Capital senior executive, Richard Murray, as the CEO of its asset management division. Murray was previously director of investor relations at activist fund manager Cevian, and also worked at hedge funds Finisterre Capital and Brevan Howard Asset Management.

“We are very pleased to have Richard onboard as the CEO of Hilbert Capital,” comments Niclas Sandström, the CEO of Hilbert Group. Stockholm-based Hilbert Group is a Nasdaq First North-listed digital asset investment firm that specialises in quantitative, algorithmic trading of digital assets. “Richard will lead the development of the business and investor solutions for asset management,” according to Sandström, who co-founded Hilbert in 2018 with Magnus Holm.

“We are very pleased to have Richard onboard as the CEO of Hilbert Capital. Richard will lead the development of the business and investor solutions for asset management.”

“We have been quietly developing our investment strategy, track record and operating platform,” says Sandström. “Many years of trading, development and programming by the Hilbert team have gone into creating ‘Market Neutral 2.0’ – a high alpha, low delta, low drawdown strategy without the scalability problems some good arb and market-neutral funds have struggled with,” emphasizes the Hilbert Group CEO. “Richard now joins to scale this business in an environment where institutions around the world are beginning to allocate to investment solutions like Hilbert’s.”

Richard Murray, who officially joined Hilbert Capital on July 5, also brings with him a team of senior business developers who all worked together at macro hedge fund manager Brevan Howard. According to a press release by Hilbert Group, this team is contracted to work with Murray to distribute Hilbert Group’s fund solutions in the key institutional markets across North America, Europe, Asia and the Middle East.

“I am excited to team up with former buy-side colleagues from Finisterre and Brevan Howard to lead the development and growth of Hilbert as cryptocurrencies become an emerging and compelling alternative asset class.”

“Digital assets will be the asset class with the most compelling opportunities for institutional investors over the next 10 years,” Murray comments on joining Hilbert as the CEO of its asset management arm. “I am excited to team up with former buy-side colleagues from Finisterre and Brevan Howard to lead the development and growth of Hilbert as cryptocurrencies become an emerging and compelling alternative asset class.”

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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