Hilbert Group AB (publ) (HILB_B) Q3 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.137 Good morning and welcome everyone. This is the Hilbert Group presentation 00:00:05.137 -- 00:00:08.759 for the third quarter in 2024. The 00:00:10.042 -- 00:00:15.188 agenda is as follows. First, we're going to talk about the Liberty Road capital 00:00:15.188 -- 00:00:16.610 acquisition. 00:00:16.610 -- 00:00:21.235 Then we're going to talk about asset management, followed by Coin360. 00:00:21.235 -- 00:00:27.259 And then we're going to conclude with talking a bit about the CO transition. 00:00:27.773 -- 00:00:33.381 So we have spent the past six months looking at Liberty Road Capital, 00:00:33.381 -- 00:00:38.428 LRC, going forward. At the outset, we liked the team, their philosophy around 00:00:38.428 -- 00:00:42.494 investing and the technology stack that they have built. 00:00:42.494 -- 00:00:48.282 LRC has a five-year operating history with a strong track record and currently runs 110 00:00:48.282 -- 00:00:53.436 million in assets under management. LRC is charting hedge fund 00:00:53.436 -- 00:00:58.503 fee levels on all their AUM. The firm is profitable and has been generating 00:00:58.503 -- 00:01:04.091 stable returns for years. This acquisition will add AI trading and crypto 00:01:04.091 -- 00:01:07.555 derivatives expertise to Hilbert Group's strategy offerings. 00:01:07.555 -- 00:01:10.800 So very complimentary in that sense. 00:01:10.800 -- 00:01:15.526 The acquisition also brings Russell Thompson, which is an industry leading figure in 00:01:15.526 -- 00:01:18.668 hedge fund circles and digital asset management. 00:01:18.668 -- 00:01:22.753 Russell co-founded LRC in 2019 and in 2003 00:01:22.753 -- 00:01:27.939 co-founded the Cambridge Strategy, a world-class traditional hedge fund 00:01:27.939 -- 00:01:33.726 that pea...