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.
Hilbert Group AB (Nasdaq: HILB B), the Nordic listed investment firm focused on digital assets and fintech, today announced that the Canadian John Lilic — an early Bitcoin and Ethereum contributor and one of the leading Web3 angel investors globally — has increased his existing stake in Hilbert by purchasing additional Hilbert B-shares for SEK…
Hilbert Group AB (Nasdaq: HILB B), the Nordic listed investment firm focused on digital assets and fintech, today announced that its Chief Investment Officer, Russell Thompson, has made a substantial personal investment of SEK 25 million in Hilbert B-shares. The subscription will be done at market terms, more specifically at the minimum of SEK 10.08…
Hilbert Group AB (Nasdaq: HILB B) today announced the acquisition of 100% of Nordark (Nordfinex Holding AB), a rapidly growing crypto banking platform, in an equity-only transaction. The acquisition marks a major milestone in Hilbert’s ambition to establish itself as Europe’s leading full-stack digital finance platform. The deal provides an initial consideration of 2,970,105 Hilbert…
August 29, 2025 The second quarter 2025 (compared to second quarter 2024) Revenues amounted to KSEK 46,224.2 (KSEK 27,304.1) Operating profit/loss (EBIT) totalled KSEK -18,068.2 (KSEK -13,736.7) Results for the period were KSEK -26,270.8 (KSEK -14,996.8) Net Cash flow from operating activities amounted to KSEK -2,790.4 (KSEK -5,191) Earnings per share before and after dilution…
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…