Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund

Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund

Hilbert Group AB, a Swedish public company specializing in quantitative investment strategies, announced on Tuesday that its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank.

This collaboration will “manage a newly-established bitcoin-denominated hedge fund,” the announcement states, adding:

The fund will launch this September and is anticipated to receive initial investment capital in excess of $200 million from Xapo Bank and other investors in 2024.

The partnership is a significant move for Hilbert Group in expanding its digital asset management capabilities and furthering its growth in the digital finance sector.

Niclas Sandström, CEO of Hilbert Group, opined: “Over the last 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a tier-one financial institution in the digital asset space … Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year.”

Joey Garcia, Director of Xapo Bank, underscored the strategic importance of the fund, stating:

We believe that offering the right products for participants in the space who are aiming not only for exposure to the bitcoin price, but also structured ways to grow the bitcoin value of those investments is a natural evolution of the asset class.

What do you think about Hilbert Group’s new partnership with Xapo Bank to launch a bitcoin-denominated hedge fund? Let us know in the comments section below.