Key Takeaways
- • Hilbert Group, a Nasdaq First North Growth Market-listed Swedish quantitative investment company (ticker HILB B), agreed to acquire Liberty Road Capital Ltd (LRC) in an equity-only asset-acquisition deal.
- • The transaction transfers all of LRC's assets under management, existing client relationships, key employees and intellectual property to Hilbert Group, which the company says will meaningfully increase AUM and boost earnings.
- • LRC, founded in 2019 in Monaco and headquartered in the British Virgin Islands, is regulated as an Approved Investment Manager under the BVI Financial Services Commission via the Securities and Investment Business Act.
- • Russell Thompson, LRC's CEO and co-founder of The Cambridge Strategy (peak AUM of $3.5 billion, sold in 2018), joins Hilbert Group, bringing emerging market currency, derivatives and asset management expertise.
- • The deal adds AI-driven trading and crypto derivatives capabilities to Hilbert's strategy lineup as the firm pursues its goal of becoming one of the largest digital asset managers globally.
Summary
Hilbert Group has announced the acquisition of Liberty Road Capital Ltd in an equity-only asset-acquisition structure under which Hilbert acquires all of LRC's assets under management, existing client relationships, key employees and intellectual property, according to the company's announcement published in Stockholm. Hilbert said the transaction will meaningfully increase its AUM and boost earnings, and that it adds AI-trading and crypto derivatives expertise to the firm's strategy offerings. No purchase price was disclosed in the source material.
Hilbert Group describes itself as a quantitative investment company specializing in algorithmic trading strategies in digital asset markets, and is listed on Nasdaq First North Growth Market with Redeye AB as Certified Adviser. LRC was founded in 2019 in Monaco, is headquartered in the British Virgin Islands, and focuses on digital derivatives trading and asset management using data-driven strategies and proprietary AI technology. Its activities include high-performance strategies in Bitcoin and Ethereum.
The acquisition brings Russell Thompson, LRC's CEO, to Hilbert. Thompson co-founded LRC and, in 2003, co-founded The Cambridge Strategy, a traditional hedge fund that peaked at $3.5 billion in AUM before being sold in 2018. Hilbert CEO Niclas Sandström said Thompson brings experience as a CIO and derivatives trader and an extensive global network that will accelerate business development. Sandström also cited LRC co-founders Anna Dinescu and Tom Bowles for operational, technology and quantitative expertise. LRC co-founder and CTO Tom Bowles said the firm aims to fully scale its AI-trading capabilities in partnership with Hilbert, and that the two firms share common values, culture and vision.
Thompson said the combination merges expertise in fiat and crypto markets to deliver a best-in-class digital asset management experience, and predicted Hilbert would become a leading name in digital assets by 2025. The announcement characterizes the deal as a significant step toward Hilbert's goal of becoming one of the largest digital asset managers in the world.
Hilbert Group describes itself as a quantitative investment company specializing in algorithmic trading strategies in digital asset markets, and is listed on Nasdaq First North Growth Market with Redeye AB as Certified Adviser. LRC was founded in 2019 in Monaco, is headquartered in the British Virgin Islands, and focuses on digital derivatives trading and asset management using data-driven strategies and proprietary AI technology. Its activities include high-performance strategies in Bitcoin and Ethereum.
The acquisition brings Russell Thompson, LRC's CEO, to Hilbert. Thompson co-founded LRC and, in 2003, co-founded The Cambridge Strategy, a traditional hedge fund that peaked at $3.5 billion in AUM before being sold in 2018. Hilbert CEO Niclas Sandström said Thompson brings experience as a CIO and derivatives trader and an extensive global network that will accelerate business development. Sandström also cited LRC co-founders Anna Dinescu and Tom Bowles for operational, technology and quantitative expertise. LRC co-founder and CTO Tom Bowles said the firm aims to fully scale its AI-trading capabilities in partnership with Hilbert, and that the two firms share common values, culture and vision.
Thompson said the combination merges expertise in fiat and crypto markets to deliver a best-in-class digital asset management experience, and predicted Hilbert would become a leading name in digital assets by 2025. The announcement characterizes the deal as a significant step toward Hilbert's goal of becoming one of the largest digital asset managers in the world.
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