BlockBeats news, on November 27, according to Cointelegraph, the Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), enhancing its asset management scale and strengthening its AI trading and cryptocurrency derivatives capabilities.
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 totaling $3.5 billion and was successfully sold in 2018. LRC was established 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's business income will be split 50:50, and LRC commits to converting all of its share of the earnings 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.
