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Hilbert’s V30 Survives Winter to Reach Outside Investors

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Stockholm (HedgeNordic) – Digital assets specialist Hilbert Capital has opened its third systematic crypto fund – Hilbert V30 Fund – to external investors following a one-year track record in the so-called crypto winter. The V30 strategy, which seeks to take advantage of volatility in digital assets through algorithmic trading using both long and short positions, advanced 17 percent over the past 12 months, according to Hilbert founder and CEO, Niclas Sandström.

The team at Hilbert Capital, the asset management arm of Hilbert Group, deployed capital in the Hilbert V30 strategy at the beginning of May 2022, just before the start of a severe market turmoil following the Terra/Luna collapse later that month. “That was just the beginning of what turned out to be, in many ways, the most difficult year in crypto since inception,” says Sandström.

“The strategy has weathered extreme turmoil well with controlled drawdowns.”

Hilbert’s V30 strategy advanced 17 percent year-on-year, compared to a decline of 35 percent for the general crypto market. “The strategy has weathered extreme turmoil well with controlled drawdowns,” says Sandström. “It offers a highly asymmetric profile – retaining a lot of the directional upside in good times, while limiting drawdowns during bad times.”

Hilbert Capital launched and opened Hilbert V30 Fund to external investors on May 1, 2023. The strategy has been available via a separately managed account (SMA) structure since May of last year. “The Hilbert V30 Fund was launched with several day-one investors, including a leading US institution, and has a significant pipeline of commitments over the next months,” according to Sandström. “We are on track to hit our previously communicated projection of SEK 750 million in assets under management by mid-2023.”

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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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