CoinVoice has learned that Sweden-listed company Hilbert Group has announced the acquisition of Liberty Road Capital (LRC), including all AUM, existing client relationships, key employees, and all intellectual property, by Hilbert Group.

LRC co-founder Russell Thompson will join Hilbert Group. Thompson previously co-founded the traditional Hedging fund The Cambridge Strategy in 2003, which had Assets Under Management of up to $3.5 billion and was successfully sold in 2018. LRC was founded in 2019 and is headquartered in the British Virgin Islands, holding an investment management license issued by the local Financial Service Commission.

According to protocol, the future two-year LRC business income will be split in a 50:50 ratio, and LRC promises to convert all of its split income into new Class B shares of Hilbert Group. Niclas Sandström, CEO of Hilbert Group, stated that this acquisition will significantly accelerate the company's business development and expand the scope of trading strategies. [Original Article Link]