As the year 2024 comes to a close, Hilbert Group AB (Nasdaq: HILB B) is gearing up to present its Q4 financial results and provide an outlook for the upcoming year. The company's Chief Executive Officer, Barnali Biswal, will lead the presentation, which is set to take place on Friday, February 28th, at 11:30am CET. The presentation will cover key performance highlights, strategic initiatives, and an outlook for 2025.
Hilbert Group has had a remarkable year, with its assets under management (AUM) growing significantly. In Q3 2024, the company managed $300 million in AUM, marking a 10x increase from the previous year. This growth is expected to continue, with additional growth opportunities materializing over the next 6-12 months. The company has set a target of at least $2 billion in AUM for the Xapo Byzantine Fund alone in 2025. As a result of this increased AUM, Hilbert Group has set a target of at least $10 million in revenue from asset management in 2025.
One of the key initiatives driving this growth is the revamp of the company's COIN360 platform. The major upgrade is expected to launch mid-December 2024 and is expected to bring considerable KPI improvements. Hilbert Group sees $10 million in revenues in 2025 as a reasonable target for COIN360.COM.
Barnali Biswal, who joined Hilbert Group as
of Hilbert Capital in February 2024, will take over as CEO come 1st of Jan 2025. Her experience and expertise in the field are expected to drive growth and contribute to the company's revenue target. Biswal previously served as CIO for Atitlan, a quantitative multi-strategy crypto hedge fund in London, and before that, she was at Goldman Sachs in London for 14 years as a Managing Director, running its European high-yield credit trading business.
Hilbert Group's strategic acquisition of Liberty Road Capital has also played a significant role in the company's growth. Post-acquisition, Hilbert Group will manage more than $400 million in AUM, marking a 10x increase over the last year. This acquisition has set the stage for continued growth and expansion in the coming year.
In conclusion, Hilbert Group's Q4 2024 report and 2025 outlook presentation promises to be an exciting event, as the company looks to build on its impressive growth and continue its mission to provide operational infrastructure, risk management, and corporate governance that meets the ever-increasing demands of institutional investors.
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