Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund.
This new fund, set to debut in September, is expected to attract over $200m in initial investment from Xapo Bank and other investors.
According to a press statement, the fund will provide corporations, businesses, and professional investors with the opportunity to generate returns in bitcoin (BTC) through institutional-grade structured credit arrangements, which are typically inaccessible to direct market participants.
Joey Garcia, Director of Xapo Bank, emphasised the importance of this partnership: “We believe that offering products tailored to participants seeking not just exposure to Bitcoin’s price but also structured ways to enhance the value of their Bitcoin investments is a natural progression for the asset class. Ensuring the fund is managed with top-tier investment expertise, security, and operational integrity is crucial, and we see Hilbert as a key partner in delivering that.”
The fund will feature lower fees compared to Hilbert’s other “2% and 20%” hedge funds, making it an attractive option for investors.
“Over the past year, we’ve cultivated a strong and strategic relationship with Xapo Bank, a pioneer in the bitcoin space and a leading financial institution in the digital asset arena,” said Niclas Sandström, CEO of Hilbert Group, Given the investment opportunity and the expertise of the team involved, we expect the fund to see significant growth over the next year.
“Hilbert is now two years into its five-year plan to become a global leader in asset management. We’ve made substantial investments in our operational and investment capabilities to offer top-tier solutions and collaborate with the world’s best financial institutions. Xapo is among the very best.”
