According to a recent press release, Hilbert Capital is a division within Hilbert Group AB. It has formed a partnership with Xapo Bank in order to create a Bitcoin hedge fund.
According to the press release, the fund will receive an initial capital investment of over $200,000,000 from Xapo Bank as well as other investors. The initiative was launched in order to give corporates, business owners, and professional investors an option of generating returns through structured institutional credit arrangements.
“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,” said Joey Garcia, Director of Xapo Bank. “Having the fund operated with the right level of investment experience, security and operational integrity is fundamental and we see Hilbert as a key partner in that offering.”
It will offer lower fees than Hilbert’s normal “2% and 20%” The press release stated that hedge funds are a growing industry.
“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,” commented Niclas Sandström, CEO of Hilbert Group. “Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year.”
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Source: bitcoinmagazine.com