According to ChainCatcher news, Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), in which all AUM, existing client relationships, key employees, and all intellectual property will be 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 its peak managed assets of $3.5 billion and was successfully sold in 2018. LRC was founded in 2019 and is headquartered in the British Virgin Islands, holding an investment management license issued by the local Financial Services Commission.
According to the agreement, in the next two years, LRC business revenue will be split 50:50, and LRC commits to converting all its shared income 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.