Hilbert Group Appoints Russell Thompson as Group Chief Investment Officer
STOCKHOLM, SE / / May 21, 2025 / Hilbert Group (STO:HILB-B)(FRA:999)
Hilbert Group AB (Nasdaq: HILB B), a leading digital asset manager, today announced the appointment of Hilbert Group partner Russell Thompson as its new Group Chief Investment Officer (CIO), effective immediately. Thompson joined Hilbert earlier this year following Hilbert's recent acquisition of Liberty Road Capital (LRC), the renowned digital asset manager he co-founded.
Mr. Thompson's distinguished career spans top-tier roles at AIG and HSBC Hong Kong, where he led Pan-Asia trading desks, and at Midland Montagu. In 2003, he co-founded The Cambridge Strategy, steering it to a peak of USD 3.5 billion in AUM through pioneering emerging markets derivatives strategies. Most recently, he built Monaco-based Liberty Road Capital into a profitable hedge fund and successful business.
Mr. Thompson is a Hilbert Group board member and will be overseeing all asset management related activities in the firm.
For further information, please contact:Barnali Biswal, CEO Hilbert Group AB orNiclas Sandström, Co-founder Hilbert Group AB+46 (0)8 502 353 00ir@hilbert.group
About Us
Hilbert group is a quantitative investment company specializing in algorithmic trading strategies in digital asset markets.Hilbert Group is a Swedish public company and is committed to providing operational infrastructure, risk management and corporate governance that meets the ever-increasing demands of institutional investors.Hilbert Group is listed on Nasdaq First North Growth Market (ticker HILB B) with Redeye AB as Certified Adviser.
For more information, visit: www.hilbert.group
Attachments
Hilbert Group Appoints Russell Thompson as Group Chief Investment Officer
SOURCE: Hilbert Group
View the original press release on ACCESS Newswire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Alberta asks for a West Coast pipeline as a nation-building project
The federal government has tabled a signature piece of legislation designed to invest in what Prime Minister Carney is referring to as 'nation-building projects.' The CBC's Sam Brooks takes us into how the Alberta government is responding.
Yahoo
2 hours ago
- Yahoo
Klarna CEO warns AI may cause a recession as the technology comes for white-collar jobs
The CEO of payments company Klarna has warned that AI could lead to job cuts and a recession. Sebastian Siemiatkowski said he believed AI would increasingly replace white-collar jobs. Klarna previously said its AI assistant was doing the work of 700 full-time customer service agents. The CEO of the Swedish payments company Klarna says that the rise of artificial intelligence could lead to a recession as the technology replaces white-collar jobs. Speaking on The Times Tech podcast, Sebastian Siemiatkowski said there would be "an implication for white-collar jobs," which he said "usually leads to at least a recession in the short term." "Unfortunately, I don't see how we could avoid that, with what's happening from a technology perspective," he continued. Siemiatkowski, who has long been candid about his belief that AI will come for human jobs, added that AI had played a key role in "efficiency gains" at Klarna and that the firm's workforce had shrunk from about 5,500 to 3,000 people in the last two years as a result. It's not the first time the exec and Klarna have made headlines along these lines. In February 2024, Klarna boasted that its OpenAI-powered AI assistant was doing the work of 700 full-time customer service agents. The company, most famous for its "buy now, pay later" service, was one of the first firms to partner with Sam Altman's company. Later that year, Siemiatkowski told Bloomberg TV that he believed AI was already capable of doing "all of the jobs" that humans do and that Klarna had enacted a hiring freeze since 2023 as it looked to slim down and focus on adopting the technology. However, Siemiatkowski has since dialed back his all-in stance on AI, telling an audience at the firm's Stockholm headquarters in May that his AI-driven customer service cost-cutting efforts had gone too far and that Klarna was planning to now recruit, according to Bloomberg. "From a brand perspective, a company perspective, I just think it's so critical that you are clear to your customer that there will be always a human if you want," he said. In the interview with The Times, Siemiatkowski said he felt that many people in the tech industry, particularly CEOs, tended to "downplay the consequences of AI on jobs, white-collar jobs in particular." "I don't want to be one of them," he said. "I want to be honest, I want to be fair, and I want to tell what I see so that society can start taking preparations." Some of the top leaders in AI, however, have been ringing the alarm lately, too. Anthropic's leadership has been particularly outspoken about the threat AI poses to the human labor market. The company's CEO, Dario Amodei, recently said that AI may eliminate 50% of entry-level white-collar jobs within the next five years. "We, as the producers of this technology, have a duty and an obligation to be honest about what is coming," Amodei said. "I don't think this is on people's radar." Similarly, his colleague, Mike Krieger, Anthropic's chief product officer, said he is hesitant to hire entry-level software engineers over more experienced ones who can also leverage AI tools. The silver lining is that AI also brings the promise of better and more fulfilling work, Krieger said. Humans, he said, should focus on "coming up with the right ideas, doing the right user interaction design, figuring out how to delegate work correctly, and then figuring out how to review things at scale — and that's probably some combination of maybe a comeback of some static analysis or maybe AI-driven analysis tools of what was actually produced." Read the original article on Business Insider Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Is AGNC Investment Worth Buying Today? The Answer May Surprise You.
AGNC Investment is a mortgage REIT. The value of the company is basically the value of its mortgage securities portfolio. The value of AGNC Investment's portfolio has been shrinking for years. 10 stocks we like better than AGNC Investment Corp. › AGNC Investment (NASDAQ: AGNC) has a gigantic 15%+ dividend yield. That lofty yield sounds very enticing, but sometimes things that sound too good to be true are, in fact, too good to be true. Here's why investors need to take a very nuanced view of AGNC Investment and how the company may actually be helping you decide when to buy the stock. Property-owning real estate investment trusts (REITs) buy physical properties and lease them out to tenants. That's what you would do if you owned a rental property, so it's probably fairly easy to wrap your head around the business model. Mortgage REITs like AGNC Investment buy mortgages that have been pooled together into bond-like securities. That's a lot more complex and you probably couldn't mimic that in your own investment life. Everything from interest rates to mortgage repayment rates can impact the value of mortgage securities. So even tracking what is going on within AGNC Investment's portfolio, or within any mortgage REIT, would be hard for most investors. Adding to the complexity is that mortgage securities trade all day long, so the portfolio's characteristics can change fairly quickly. This is not an investment for conservative income investors. That fact is highlighted by the steady downtrend in the dividend over the last decade or so, as the chart below highlights. Not surprisingly, the price of the stock has trailed the falling dividend. That said, AGNC Investment's value is basically the value of its portfolio of mortgage securities. In that way it is kind of similar to a mutual fund. And, like a mutual fund, AGNC Investment reports the value of its portfolio on a per-share basis. It calls this number tangible net book value per share. It only reports that number quarterly, but it is an important figure to monitor. At the end of the first quarter of 2025 AGNC Investment's tangible net book value per share was $8.25. At the end of the first quarter of 2022 it was $13.12. Tangible net book value per share can rise and fall fairly dramatically at times, depending on the market environment. Over the past year, for example, this metric has risen and fallen by 5% between quarters multiple times. It is, at best, a rough gauge for investors to monitor between quarters. But the really interesting thing here is that AGNC Investment's stock price often trades above tangible net book value per share. Sometimes dramatically above the number -- the 52-week high is $10.85 even though the reported tangible net book value per share never rose above $8.84 in any of the last four quarters. This is great news for shareholders, since AGNC Investment frequently sells new shares to the public to raise additional capital. Every penny above tangible net book value that a new buyer pays is tantamount to giving current shareholders free money. Management even explains this fact when it discusses stock sales, saying things like the company "opportunistically" raised money "at a considerable premium to tangible net book value" and that this brings "meaningful book value accretion to our common stockholders." The takeaway here is pretty clear. Nobody should pay more than tangible net book value per share for AGNC Investment unless they believe that number is going to be headed sharply higher. But sometimes AGNC Investment's share price dips below that figure, with the 52-week low coming in at $7.85. The company would likely not be raising capital at that price, given that it would destroy value for current shareholders. However, if you buy the stock on the open market below book value you are increasing the chances that you are getting a good deal on the stock. The problem with this discussion is that it doesn't address the dividend or the dividend yield. That's because the company's focus isn't income, it is total return. The dividend is a part of total return, but total return assumes the dividend is reinvested. But a key part of total return is also the price you pay for the investment. If you bought at the 52-week high price of $10.85 per share, your total return would be terrible here even with the huge dividend yield. However, if you kept a close eye on tangible book value per share and only bought when the stock price was at or below the last reported figure, your total return would likely still be positive, helped along by that lofty yield. Before you buy stock in AGNC Investment Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AGNC Investment Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is AGNC Investment Worth Buying Today? The Answer May Surprise You. was originally published by The Motley Fool Sign in to access your portfolio
