Hilbert Capital, the asset management division of Hilbert Group AB (Nasdaq: HILB B), has formed a strategic partnership with Xapo Bank, a globally recognized financial institution, to oversee a newly established Bitcoin-denominated hedge fund.
The fund is set to launch in September 2024, with initial capital exceeding $200 million from Xapo Bank and other investors.
Key Highlights of the Partnership
Institutional-Grade Bitcoin Investment Solutions
The fund will provide corporate clients, businesses, and professional investors access to BTC-denominated returns through structured credit arrangements—opportunities typically unavailable in standard markets.
Lower Fee Structure
Unlike Hilbert’s traditional "2% and 20%" hedge funds, this fund will operate with reduced fees, enhancing accessibility for investors.
Endorsement from Xapo Bank
Joey Garcia, Director of Xapo Bank, emphasized the strategic alignment:
"Our partnership with Hilbert ensures institutional-grade security and operational integrity. This fund represents the next evolution of Bitcoin investment—structured growth beyond mere price exposure."
Leadership Insights
Niclas Sandström, CEO of Hilbert Group
"Xapo Bank’s expertise in Bitcoin and digital assets makes them an ideal partner. We anticipate significant fund growth within the next year, reinforcing our 5-year plan to become a global asset management leader."
Sandström also credited Richard Murray, CEO of Hilbert Capital, for securing the partnership.
FAQs
Q: When will the Bitcoin hedge fund launch?
A: The fund launches in September 2024.
Q: What is the expected initial investment size?
A: Over $200 million, with contributions from Xapo Bank and other investors.
Q: How does this fund differ from Hilbert’s other offerings?
A: It features lower fees and focuses on BTC-denominated structured credit for institutional participants.
Q: Why partner with Xapo Bank?
A: Xapo Bank brings deep Bitcoin expertise and a reputation for institutional-grade security, aligning with Hilbert’s standards.
👉 Explore institutional crypto strategies
👉 Learn about Bitcoin investment opportunities
Hilbert Group remains committed to innovation and value creation in digital assets, leveraging this partnership to enhance investor opportunities.
For media inquiries:
Niclas Sandström
CEO, Hilbert Group AB
+46 (0)8 502 353 00
[email protected]
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