Hilbert Group AB (publ) (HILB_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I am pleased to share what has been a truly transformative quarter for our Nasdaq-listed global crypto company. Today, I'll walk you through our remarkable progress across three key areas, our expanding asset management platform, our groundbreaking Synthetica innovation, and the strategic leadership additions that position us for exceptional growth. Q1 2025 marked the beginning of a new chapter for Hilbert Group, one defined by strategic execution, product innovation, and institutional excellence. Let's move to the next slide, please. So let me start with our management business, which has seen extraordinary momentum this quarter. We successfully launched two AI-driven hedge funds, the Hilbert Liberty Fund and the Hilbert Multistrat Fund. These aren't just new products. They represent our evolution into sophisticated institutional grade investment vehicles designed to specifically deliver low volatility yield enhancement in Bitcoin and Ethereum. The performance numbers speak for themselves, which is in the middle column as well as later in my presentation. But our Bitcoin basis plus strategy delivered an outstanding year-to-date return of almost 18% on top of Bitcoin. The dollar basis plus strategy has achieved about 17% on absolute terms. And the Zappo Byzantine Bitcoin Credit Fund is currently generating a yield of circa 3.4% on top of Bitcoin. What is particularly exciting is the scale that we have achieved. These funds have a combined capacity that exceeds $3.5 billion. This is important because it positions us to capture significant institutional flows as the market matures. Our business development momentum is also accelerating. We now have a 2020 seed pipeline of approximately 200 million across 15 investors, with 70 million currently i...