Hilbert Group is an investment company which specialises in quantitative, algorithmic trading strategies in digital asset markets.
Hilbert Group CEO Barnali Biswal was recently interviewed by Dagens Industri. The interview and news article focused on the recent acquisition of Liberty Road and the development of new fund strategies, as well as the future plans for the company. Watch the interview and read the article here.
Hilbert Group CEO Barnali Biswal was recently featured in Noterat podcast. The conversation ranged from her background in traditional and digital asset markets as well as the exciting future for Hilbert Group. Listen to the full episode here.
Today, Hilbert Group CEO Barnali Biswal held an open webinar to talk about the Q4 2024 financial report and 2025 outlook for Hilbert Group. You can watch the recording of the presentation here.
Hilbert Group founder Niclas Sandström recently appeared on the 10x podcast to speak about Hilbert Group, Crypto and more. Watch the episode here.
The AGM in Hilbert Group in 2023 resolved to implement an employee stock option plan for employees and consultants in Hilbert Group. In total 2,500,000 employee stock options were issued. Each option entitles the holder to subscribe for one new B-share at SEK 6.41. Two-thirds of the options can be exercised during July-September 2025. The…
Hilbert Group AB (Nasdaq: HILB B), a leading digital asset investment firm, has announced the successful close of the $SYNT token seed round for Syntetika, its pioneering tokenisation platform and decentralised exchange. The round was heavily oversubscribed, attracting over $6 million in investor interest—six times the original $1 million target. To accommodate select strategic partners,…
Hilbert Group AB (Nasdaq: HILB B) announced on 24 March 2025 the successful closing on an asset purchase deal with Liberty Road Capital. The purchase price shall be paid in the form of newly issued B-shares in Hilbert Group and could, depending on certain conditions, amount to an equity stake in Hilbert Group AB of…
Hilbert Group AB (Nasdaq: HILB B), the global crypto asset manager, today announced a SEK 300 million Bitcoin commitment from Deus X Capital, marking the second major funding tranche for its crypto treasury strategy – on top of last week’s initial SEK 200 million convertible bond financing announcement. The new Deus X tranche is a…
Hilbert regularly publishes market analyses and peer-reviewed academic articles that study the quantitative-financial workings of markets.
ABSTRACT – In this paper we present a geometric approach to portfolio theory, with the aim to explain the geometrical principles behind risk adjusted returns; in particular Jensen’s alpha. We find that while the alpha/beta approach has severe limitations (especially in higher dimensions), only minor conceptual modifications are needed to complete the picture. However, these…
ABSTRACT In this paper we show that risk associated with leverage is fundamentally relative to an arbitrary choice of reference asset or portfolio. We characterize leverage risk as a drawdown risk measure relative to the chosen reference asset. We further prove that the growth optimal Kelly portfolio is the only portfolio for which the relative…
ABSTRACT In this paper we show that a Kelly trader is indifferent to trade the derivative if and only if the no-arbitrage price is uniquely given by the minimal martingale measure no-arbitrage price, thus providing a natural selection mechanism for option pricing in incomplete markets. We also show that the unique Kelly indifference price results…
ABSTRACT We show that the Kelly framework is the natural multi-period extension of the one-period mean-variance model of Markowitz. Any allocation on the instantaneous Kelly efficient frontier can be reached by trading in the bank account and a particular mutual fund consisting of risky assets only. However, different to the mean-variance model there is an…