Swedish listed company Hilbert Group acquires digital asset management company Liberty Road Capital

ChainCatcher news, according to Cointelegraph, Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), including all AUM, existing client relationships, key employees, and all intellectual property acquired by Hilbert Group.

LRC co-founder Russell Thompson will join Hilbert Group. Thompson co-founded the traditional hedge fund The Cambridge Strategy in 2003, which at one point managed assets of $3.5 billion and was successfully sold in 2018. LRC was established in 2019, headquartered in the British Virgin Islands, and holds an investment management license issued by the local Financial Services Commission.

According to the agreement, LRC's business revenue will be split 50:50 over the next two years, with LRC committing to convert all its share of the revenue into new Class B shares of Hilbert Group. Hilbert Group CEO Niclas Sandström stated that this acquisition will significantly accelerate the company's business development and expand the range of trading strategies.