CoinVoice has recently learned that, according to Cointelegraph, the Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), including all AUM, existing customer relationships, key employees, and all intellectual property being 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 reached an asset management scale of 3.5 billion USD 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, in the next two years, LRC's business revenue will be shared on a 50:50 basis, with LRC committing to convert all its share of the profits 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. [Original link]