Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital asset manager Liberty Road Capital. Following this integration, Hilbert Capital plans to launch two new hedge funds in April, targeting yield-enhancing strategies – primarily focused on Bitcoin – to generate additional returns beyond simple price appreciation.
Hilbert Group has acquired Liberty Road Capital’s entire business, including its approximately $110 million in assets under management, intellectual property, and key personnel. As part of the transaction, Liberty Road Capital’s CEO, Russell Thompson, will join Hilbert Group’s board. Liberty Road Capital specializes in digital derivatives trading and asset management in digital assets, including Bitcoin (BTC) and Ethereum (ETH).
“We are very happy to now have closed the deal and successfully integrated LRC into Hilbert” comments Barnali Biswal, CEO of Hilbert Group. “With this acquisition, we have added $110 million in AUM (at current BTC price), significantly expanding our investment footprint,” Biswal announces on LinkedIn. “More importantly, this strategic move enhances our capabilities by incorporating Liberty Road’s expertise in market-neutral, systematic trading strategies, further diversifying our approach.”
“With this acquisition, we have added $110 million in AUM (at current BTC price), significantly expanding our investment footprint.”
Barnali Biswal, CEO of Hilbert Group.
Hilbert Capital plans to launch two new hedge funds in April, focusing on yield-enhancing strategies, primarily built around Bitcoin. “We are particularly excited about the expanded trading strategies this partnership enables, positioning us to capitalize on opportunities in the rapidly evolving digital asset space,” adds Biswal. The fee income from LRC-originated strategies is expected to bring Hilbert closer to breakeven profitability. Additionally, Biswal highlights a pipeline exceeding $100 million for these strategies.
“This partnership marks a defining moment for both companies and for Hilbert’s investors,” comments Russell Thompson, CEO of LRC. “By uniting Hilbert Group’s broad resources, asset management platform, and brand name with LRC’s proven strategies and deep market insight, we’re now perfectly positioned to deliver strong growth and shareholder value creation.”
Hilbert Group AB, listed on the Nasdaq First North Growth Market in Sweden, operates an asset management arm that runs quantitative investment solutions designed to provide both alpha and beta exposure to digital asset markets. Hilbert Capital currently manages three investable funds, two of which employ hedge fund strategies. The Hilbert V1 Fund is a high alpha, low beta strategy that employs quantitative trading techniques such as volatility trading, long-short trading, and market-making. The Hilbert V30 Fund, on the other hand, follows a convex upside strategy. While both funds aim to maximize returns, Hilbert V1 seeks to do so within a drawdown tolerance of 10-12 percent, while Hilbert V30 has a slightly broader tolerance range of 10-20 percent.