Hilbert Capital, the asset management business of Hilbert Group AB has launched its third systematic fund which will aim to take advantage of volatility in digital asset markets through algorithmic trading and can take long as well as short positions.
The new Hilbert V30 Fund opened to external investors on 1 May 2023, although Hilbert first deployed capital to the strategy a year ago, just prior to the digital assets market collapse in May 2022.
Since then the wider crypto market is down around 35% while Hilbert V30 has generated positive returns of 17%, which the firm says represents more than 50% points of outperformance on 12 months.
Dr Niclas Sandström, CEO of Hilbert Group, said: “The Hilbert V30 Fund was launched with several day one investors, including a leading US institution, and has a significant pipeline of commitments over the next months. We are on track to hit our previously communicated projection of SEK 750 million in assets under management by mid-2023.”